Grant First Home

The essence of the bill, passed by both houses today, according to the National Association of Realtors, is that first time home buyers will have until April 30th of 2009 to find their first home, and that those potential move up buyers can join the tax savings too.

Among the changes are increases to income levels, and a generous cap of $800,000 on purchase cost.

More detail is available at VAHome.net.