Buying a home is about to get cheaper for a whole new crop of homebuyers — $6,500 cheaper.

Here’s the latest on extension of the homebuyer tax credit:  http://www.google.com/hostednews/ap/article/ALeqM5hJJraNRE6DjWj2orF7SYJ12PADEAD9BPFFR01

Senate voted yesterday, House votes today … I think it will pass.  A few hightlights:

• not just for first-time buyers
• up to $6500 for current homeowners who have owned for 5 years
• up to $8k for first-timers
• primary residence up to $800k
• income limitations

Stay tuned.

• must be under contract by April 30 and close by June 30