Is a $15,000 tax credit on the horizon?

The Senate passed a provision for a $15,000 homebuyer tax credit on Wednesday, which if enacted would double the current $7,500 first-time homebuyer tax credit that is scheduled to expire July 1st.

If this legislation becomes law, it would apply to all homebuyers, not just first-timers. We'll share more information on the progress of this legislation in the next few days.

Dan Miller, Keller Williams Realty and DaneCountyMarket.com