$6500 credit for existing homeowners who buy a new home just waiting for the president to sign the bill

It looks as if the president will sign a bill extending the popular $8,000 credit for first-time homebuyers. The credit, would be available through next June as long as the buyer signs a binding contract by April 30.

The bonus here is that the program is expanded to include a $6,500 credit for existing homeowners who buy a new home after living in their current residence for at least five years.