The Senate approved the bill to extend unemployment benefits and modified the home buyer tax credit on Wednesday with a vote 98-0. On Thursday the House of Representatives approved the bill with a vote of 402-12 and it is expected to be signed by President Obama.
The new and improved home buyer tax credit extended the timeline, increased income limits and also included a tax credit up to $6,500 to buyers who have owned a home for 5 of the last 8 years. For more details, check out this comparison chart put together by the National Association of Realtors.
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