It looks like the $8000 tax credit for first time buyers will be extended to May 1, 2010. The Senate and The Legislature have both passed the bill which includes higher income limits as well as a provision for step up buyers. A step up buyers is deemed someone who has lived in their property for at least five years. That credit will be for up to $6500. The bill is just awaiting the expected signature of President Obama. For more information on this you can click here.
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