It may happen as soon as this week. The homebuyer tax credit will be extended for an additional seven months. There is also a provision for current home owners to qualify for up to $6,500 in tax credits should they purchase a new home before the April 2010 deadline. This is great news for the buyers who have been trying so hard to find just the right home hoping to meet the November 30th deadline. Now we have a little more time to look and new inventory is coming available weekly so to those who have been looking be encouraged you will find your home and benefit from the tax credits. If you have been on the fence thinking about buying, think no longer. This is a great opportunity to buy with the tax credits, the low interest rates, and house values at the low end of the spectrum.