The long awaited homebuyer tax credit extension looks to be a "done deal" and is on the Presidents desk to sign. There are two changes worth noting regarding the new credit. One: The income limits will increase to 125K for single and 225K for joint filers. Two: The new credit opens the doors for NON FIRST-TIME homebuyers who have owned a home for 5 consecutive years in the past 8 years. ($6500 credit) Click for more details