Congress is moving to extend a tax credit for home buyers, but the move is no cure-all for a troubled housing market.

Economists say the $8,000 credit for first-time buyers, enacted earlier this year, has exerted some upward pressure on home prices and revved up the pace of sales.

At best, however, it’s just part of the fix for housing.

On Wednesday, key members of the US Senate agreed to extend the existing tax credit for first-time home buyers and offer a smaller credit to repeat buyers who have owned homes for at least five years. The measure, backed by Senate Majority Leader Harry Reid (D) of Nevada, would offer the credit through next April.

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