The U.S. Senate has approved a plan to extend incentives for first-time home buyers. The plan would give buyers an extra three months to close on their house. Under the current plan buyers had to sign a sales contract by April 30th and have until June 30th to complete the sale to receive up to $8,000 in tax credits. The new senate version would extend that closing date to September 30th, but the U.S. House still has to approve the plan.
Source: NEWS CHANNEL 3 – WASHINGTON D.C.