Latest Homebuyer Tax Credit: Pay More, Get Less

President Obama could sign the $10.8 billion homebuyer tax credit extension and expansion plan into law as soon as next week. The Senate this evening voted 98-0 in favor of the extension. The House is expected to approve it within days.

But a new report from Goldman Sachs suggests that the six-month extension might do little for the fragile housing market and could be even less effective than...