Good news for homebuilders and home buyers across the country as President Obama extended the home buyer tax credit and expanded those who it will impact. The new legislation does not limit the tax credit to first-time buyers. Now, move-up buyers or existing homeowners can benefit, as well. Plus, more Americans will be able to qualify as income limits have been raised.

Many builders who were pushing to close homes by the original Nov. 30th deadline now have until April 30th, 2010 to get buyers under contract so they can take advantage of the tax credit. This should be just the incentive some potential buyers need to get off the fence and purchase a new home.

To read more details about the extended home buyer tax credit, click here.