Two sources—the New York Times and Reuters—are reporting that Congress will likely be renewing the first-time homebuyer tax credit in the next few days. “After weeks of partisan bickering, the Senate voted 97 to 1 to clear a procedural hurdle and move to final passage on Wednesday or Thursday. The House of Representatives is expected to approve it quickly and send it to President Barack Obama to sign into law,” according to Reuters.

The original credit was set to expire on Nov. 30. Last week, we learned that the new version of the credit will extend to some current homeowners looking for their next purchase, and that it would apply to all contracts entered by the end of April, and closing before July 1 (via Wall Street Journal).

People are dying for more information on Congress’s first-time homebuyer tax credit, which will likely be renewed soon.

The proof is in the page-views: This brief little item I recently posted on the credit is the most popular post in the last month. Google delivered thousands of readers to my little online doorstep. The second place winner–”Florida Avenue Grilling,” an article I worked on for weeks—drew half the viewers. Sigh.  So it goes.

You people want first-time homebuyer tax credit news, here you go! On Tuesday, Connecticut Senator Chris Dodd announced that his renewal plan had enough backing in the Senate to pass. But he refused to disclose details about the new agreement, according to Reuters.

Read More “Homebuyer Tax Credit Will Extend Through July” »