TAX CREDIT HAS BEEN EXTENDED

Investor's Business Daily (10/28/09) P. A1
Key Democrats have reached a consensus on extending the first-time home buyer tax credit, due to expire on Nov. 30, announced Senate Banking Committee Chairman Chris Dodd, D-Conn. Bloomberg, meanwhile, reported that the chamber is close to an agreement that would extend the incentive to home transactions that are under contract -- not closed -- by April 30. Although the amount of the credit would fall 10 percent to $7,290, the tax break would be opened up to filers who have owned their current residence for a minimum of five years.