$8000 Home Credit still in play?

Here's what's on the table...

First time home buyer tax credit

·Buyers must be in contract by April 30, 2010

·Buyers have 60 days from that day to close escrow to qualify for the tax credit

•Tax credit is $8,000 or UP TO 10% of purchase price

 Repeat buyers tax credit

 ·Defined as homeowners who have lived in their residence for five years

·Tax credit is $6,500

But wait, there's more! The levels for the home buyers were increased! Good news, indeed,

·Individuals earning up to $125,000, up from $75,000 for individuals under the current law

•Couples earning up to $250,000, up from $150,000 under the current law'

Read more at http://money.cnn.com/2009/10/28/real_estate/homebuyer_credit/index.htm?section=money_realestate