Senators agree to extend the $8,000 home-buyer tax credit Repeat buyers who have had their homes 5 years would also get an incentive. Senators agreed on Wednesday to extend the tax credit for first-time buyers while offering a reduced credit of up to $6,500 to repeat buyers who have owned their current home for at least 5 years. The tax credit will be available to buyers who sign purchase agreements by the end of April. They would have until the end of June to close on there new homes.
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Tags: first time home buyer, homes for sale, market news, real estate update, repeat home buyer, tax credit
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