From Joe Rand at Better Homes and Gardens Rand Realty:
Both houses of Congress have now passed legislation extending the Home Buyer Tax Credit closing deadline to September 30th. This is a wonderful thing for the industry.
Remember that Congress only extended the CLOSING deadline. Buyers still need to have been in contract by April 30th to be eligible. No new buyers can become eligible, but those that were in contract by April 30th now have three more months to close.
Here is a link to a post on the Market Intelligence Blog on randrealty.com. http://www.randrealty.com/blog.aspx?postid=1448
Tax Credit Extension