You will see a lot of announcements in many forms regarding the extension of the first time homebuyer tax credit. While the Senate and the House have most definately approved the extension, it still must be signed by President Obama. This may or may not happen as early as today. So while I'm feeling pretty confident this will indeed be inacted, lets wait until the ink has dried on the final approval just to be sure!
Below is a chart provided by NAR with a summary of changes and also a link to in depth details of the changes.
http://www.jct.gov/publications.html?func=startdown&id=3621
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