NO NO NO!! Not yet anyway.

The New Homebuyer Tax Credit HAS NOT BEEN EXTENDED!!   yet.

(sorry for shouting)

There was a huge amount of DISinformation disseminated over the weekend about the tax credit being extended.  There are so many people desiring that this happen that many of those people bought into the rumor without any verification at all.  They just believed the hype.

I think the tax incentive will be extended (possibly improved).  There are a few things that kind of need to happen first, though.  A bill needs to be written, get out of committee, voted on, passed and then 'passed' to the other side of Congress, voted on again, passed again, and signed by the President.  Just formalities, right?

Congress is what it is.  Sometimes they get it right and other times, not so much.  I will be sure to post here when the tax credit does incur some changes.  Stay tuned!