How I See The Market

The House voted 403-12 Thursday to extend and expand the tax credit to include many buyers who already own homes.  The Senate approved the measure Wednesday, and President Barack Obama is expected to sign it.

Buyers who have owned their current homes at least five years would be eligible for tax credits of up to $6,500.  First-time homebuyers -- or anyone who hasn't owned a home in the last three years -- would still get up to $8,000.  To qualify buyers in both groups have to sign a purchase agreement by April 30, 2010, and close by June 30.