Tax Credit extended and expanded!!

BREAKING NEWS
Tax credit extended and expanded
Congress Votes for Home Buyer Tax Credit Expansion November 5 - Charles McMillan, president of the National Association of REALTORS®, has released a special edition podcast announcing the passage of a bill by Congress that will extend and expand the Homebuyer's Tax Credit. When President Obama signs the bill, the expiration date for the credit will move to April 30, 2010.
First-time buyers who have not had interest in a principle residence for three years are still eligible, and the maximum amount remains the same - $8,000 for married couples, $4,000 for those filing separately.
Current homeowners, who have consecutively maintained the home they want to sell as their primary residence for five of the last eight years, are also eligible. However, the maximum amount for those homeowners is lower: $6,500 for married couples and $3,200 for those filing separately.
The income limits for both tax credits have been raised to $125,000 for single buyers and $225,000 for married couples.

This info is taken from NVBR. Please contact me if you have questions