Home buyer tax credit extended yet again?

“Jaret Seiberg, a managing director at Concept Capital, a research firm in Washington, says the odds favor yet another extension of tax credits for home buyers. Those credits initially were set to expire Nov. 30 but then were extended to cover home-purchase contracts signed by April 30, 2010.

“Congress might extend the credit through Nov. 30 or phase it out over six to 12 months, Mr. Seiberg speculates, adding: “We believe a phase-out is most likely because it would benefit housing markets but let Democrats argue they are fiscally responsible because they have designed an exit strategy that weans consumers off the subsidy.”

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