Is the Tax Credit to be Extended for 2010 buyers??

Many rumors going on!!! However, the lates update is that the credit most likely be extended to April 2010. The house is trying to expand the bill to assist everyone!!! $8,000 for 1st time home buyers and possible $6,500 for existing homeowners. They are talking to modify the annual income from less than $125,000 up to $225,000.

If that's not enough they home value will be for $800,000 homes or less and the contract must be signed by April 30, 2010 and settlement shall take place by June 30th!!!

I will keep you posted as development continue!!