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Real estate industry got an early holiday gift: Senate passage late today of extended and expanded tax credits for homebuyers : Says the LA Times: The Senate today voted to extend and expand a tax credit for home buyers as an added boost for the recovering real estate market, and also ... Read more

The first-time homebuyer tax credit is changing yet again, this time to allow some buyers to get their hands on the tax money as a down payment. When it was created last year, it was a $7,500 (or 10 percent of the home's purchase price, whichever was less) tax break that basically oper ... Re ... Read more