Today the House passed the Unemployment Extension Bill by a vote of 403-12.  Yesterday the Senate Bill passed 98-0.  I think it is a slam dunk that the President will sign this legislation in the near future.

The new version of the Homebuyer’s Tax Credit still has the $8000 for First Time Homebuyers, as the version expiring November 30th had.  It also allows $6500 for “move-up” buyers, provided they have been in their home more than 5 years.  There is an income cap of $125,000 for individuals and $225,000 for couples.  Also, there is a price cap of $800,000 for the purchased home.