First Time Home Buyer Credit May Be Extended through 2010

Well, it appears that the First Time Home Buyer Tax Credit *MAY* have some life left in it. Check the article here: http://www.bloomberg.com/apps/news?pid=20601087&sid=aGuiU0lB58kg

Basically, in some form, it will likely be extended through the end of 2010 for FTHB's and MAY be opened up to any purchaser making as much as $300k/year.

First-time homebuyers who close before April 1 would get the full $8,000, and the credit’s value would be reduced by $2,000 in each successive quarter until expiring at the end of the year.