Bailout for Home Buyers

It looks as if Congress has extended the home buyers credit until April of 2010. What they did to make it even better for first time buyers was that they said as long as you are in contract by the end of April that you qualify for the credit. Another Interesting caveat is the fact that they also are including a $6500 tax credit for other people who are buying. I think this is a great thing because it potentially can lead to more trade up and trade down buyers. The credit was very successful for 2009 and I believe that it should be strong through 2010 as well.