Good News! The Federal Housing Tax Credit for first-time home buyers AND repeat home buyers.

The $8,000 tax credit for first time home buyers has been extended for home sales occurring on or after January 1, 2009 and on or before April 30, 2010. However, in cases where a binding sales contract is signed by April 30, 2010, a home purchase completed by June 30, 2010 will qualify.

For the $6,500 repeat home buyer tax credit, buyers must have owned and lived in their previous home for five consecutive years out of the last eight years.

For full details, go to www.federalhousingtaxcredit.com