Is the $15K tax credit for home buyers that is in the Senate’s version of the Stimulus Bill in jeopardy? Reader and new home buyer Tyler (who has been providing fantastic commentary in our $15K tax credit posts) dug up this nugget from CNN: A Democratic source also said a plan to offer tax credits to homebuyers that is in the Senate bill will be scaled back to make room for House … [Read more...]

At this moment in time, the Stimulus bill is winding its way through the Senate. A vote is currently expected sometime tomorrow. (UPDATE Feb 10 -- The Senate passed their version of the Stimulus Bill today. Next stop is a Joint Conference Committee where differences between the House and Senate versions will be hashed out) Since the bill the House passed is different than the Senate version, … [Read more...]

Update: Tuesday Feb 10 -- In a 61 - 37 vote, the Senate has passed their version of the Stimulus Bill that contains the $15,000 tax credit for home buyers. The next step will be a Joint Conference Committee where select members of both the House and Senate will attempt to reconcile the differences between their bills. Once that process is complete, the House and Senate will vote on the reconciled … [Read more...]