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Senators agree to extend homebuyer tax credit

Published: October 28, 2009 8:00 PM
By The Associated Press  STEPHEN OHLEMACHER (Associated Press Writer)

Quick ReadSenators agree to extend tax credit for first-time homebuyers, expanding it to repeat buyers

WASHINGTON (AP) — Senators agreed Wednesday to extend a popular tax credit for first-time homebuyers and to offer a reduced credit to some repeat buyers.

The tax credit provides up to $8,000 to first-time homebuyers but is set to expire at the end of November. The Commerce Department said Wednesday that new home sales fell 3.6 percent in September, and some industry representatives blamed...

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