Tax Credit Extended and.......!!!!

You heard it here first folks...well, maybe...

Under a compromise reached Wednesday, the existing $8,000 credit would be extended for first-time home buyers who sign a contract for a home by the end of April 2010 and close by the end of June.

It also creates a $6,500 credit for people who buy a home but have owned a home for at least five consecutive years out of the past eight years.

The income limit would be raised to $125,000 a year for individuals and $225,000 for married couples, up from the current income limits of $75,000 and $150,000, respectively.

Thank you National Association of Realtors...you oughta be the only lobbyists allowed on the hill!!