CNN reports that the House of Representatives voted 403-12 to extend the first time homebuyer tax credit this afternoon. The Senate passed this measure yesterday.
The next step is to go to the President’s desk for his signature.
There are many questions as to whether buyers under contract now will be able to take advantage of the $6,500 credit for second time buyers.
We still do not have the answer to that, but as soon as I find out more details, I will certainly keep you updated.