Homebuyer Tax Credit - Extended and Expanded

Today the US Senate and House of Represenatatives both agreed to extend and expand the tax credit unil April 30, 2010. Obama is expected to sign the bill into effect within the next few days. There are a few changes from the original credit which was supposed to expire October 3oth. Now current homeowners who have lived in their residence for consecutively for 5 of the previous 8 years are eligible. Also, the income limits have increased, so those with slightly higher incomes may apply. A full list of rules is provided in the link below. Call me if you would like further details. http://www.realtor.org/fedistrk.nsf/files/government_affairs_tax_credit_ext_chart_110409.pdf/$FILE/government_affairs_tax_credit_ext_chart_110409.pdf