New Tax Credit and Restrictions that Apply

By now most of you know that the extension of the(click) tax credit was signed by the President last week. I have posted information several times on the bill however the tax credit will only apply to purchses prior to April 30, 2010 and it is my belief that it will not be extended after that. My reasoning is this, we are going through the holiday season and winter months. That is usually the slowest time of the year, and since our ecomony is not great the goverment is trying to keep real estate sales going.