The credit for $8,000 to first time home buyers that qualify is about to expire on November 30 of this year!

Housing lobbyists are busy working on a campaign to get this credit extended for at least another year. Some groups, like home builders, are pushing for the credit to be extended to anyone buying a home, not just first time home buyers. The chairman of the Senate banking committee, Chris Dodd, is pushing for an extension and an expansion to up to $15,000 max for a credit for an additonal year.

Don't count on anything passing but there are certainly groups trying to make this happen. The $8,000 credit has certainly helped the starter home sales but move up buyers have been slow to join the market recovery.

Details to come!