Senators agreed on October 28th to extend the beneficial first-time Home Buyers Tax Credit..and to also consider a smaller credit to repeat buyers.
Senators agreed to extensThe tax credit and add to the the existing credit by offering a reduced credit for up to $6,500 to repeat buyers.
About 1.4 Million home buyers have qualified for the existing credit. The National Association of Realtors esitmates that 350,00 of these buyers would not have been able to buy..without it. New Home Sales fell 3.6% last month. Some builders blamed the drop on the uncertainty about the tax credit extension.
There has been no "cost estimate" for extending this tax credit..though similar proposals were projected to cost about 10M.

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The City of Culver City presents The 2008 Rainbow Series which is a unique children's series featuring theatrical and dance performances by the recipients of the 2008 Culver City Performing Arts Grant Program. The series features performances by We Tell Stories at the Culver City Julian Dixon Library, Culver City Public Theatre at Carlson Park and Lion's Pounce Dance Theater at Culver City Park. General information on the series is available by calling the Cultural Affairs Hotline at 310.253.5716. More information on each performance is available by contacting the individual performing arts organizations.