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Prospects for a Senate deal to extend the homebuyer tax credit remain good. But details still need to be worked out, and worries about its cost and effectiveness are weighing on some lawmakers’ minds.
The $8,000 first-time home buyer tax credit may have been used by tens of thousands of people who weren’t supposed to receive it, an Internal Revenue Service watchdog official told a Congressional hearing on Thursday.
Russell George, who serve...
The nation’s top housing official expressed doubt over the need to extend the $8,000 tax credit for first-time home buyers, and said that the Obama administration was reviewing...