It’s not a done deal, but there’s been some movement. And this time, first-time homebuyers may not be the only ones to get the tax credit .
The senate version of the bill under discussion would also include repeat buyers who have owned their current homes for at least five years.
Instead of the $8,000 credit that first-time buyers would receive – repeat buyers would be eligible for up to $6,500.
The bill is still being negotiated. So stay tuned!