Extension of the first time homebuyer tax credit? Looks like we're getting close!

According to this report just out on CNN, it looks like we are getting pretty close to at least an extension of the First time homebuyer credit:

http://www.cnbc.com/id/33493223/

I have a lot of buyers that have scurried to get in under the November 30 deadline, and although THEY might be slightly annoyed, I personally think that extension and expansion is necessary. There is some talk that the credit could be expanded to include all buyers, as long as it is a primary residence. Although I think that is a long shot, it would come a whole lot closer to accomplishing the goals that the tax credit was designed to do. It would certainly get our industry a little more active! It would make for a pretty great time to "trade up." Those who are in "first time homebuyer" type houses, could more easily attract buyers if the credit were extended, and they could use the credit to help with some expenses involved in "trading up."

Compelling idea...I wish it were more likely!