Congress passed new legislation that extends the First-Time Home Buyer tax credit to April 30, 2010. The legislation also expands the credit to grant up to $6,500 credit to current home owners purchasing a new or existing home between November 7, 2009 and April 30, 2010.
The National Association of REALTORS has outlined the changes to the Home Buyer Tax Credit in this Article, Click here. They have also provided a list of answers to some frequently asked questions.
Please feel free to contact me with any questions regarding this new legislation. Now is a great time to buy!