The new home buyer Tax Credit

Well its a done deal the home buyer credit has been extended. The details are as follows: Contract has to purchase has to be in place by 04/30/2010, home has to close by 06/30/2010. Those who have not owned a home for the past 3 years can take advantage of the $8,000 tax credit. Those who purchase a new principal residence and have lived in their current home for 5 years can claim a $6,500 tax credit. This should keep homes sales rising!