The New York Times is reporting Congress will extend the first time homebuyer's tax credit:

The Senate and House are poised to agree on a compromise measure to extend unemployment benefits that also would expand a popular $8,000 tax credit for homebuyers, despite a recent government report on extensive mistakes and suspected fraud in the program.

Extensive mistakes? Suspected fraud? It's bad enough this is helping balloon the housing market bust. Congress is also changing the terms to be more broad: