Great news! The $8,000 tax credit has been extended until June 30th of 2010! But you must be under contract by April 30th, 2010. It also extends the tax credit for existing home owners in the amount of $6,500. So it is a great time to sell and move up! You are likely in a home that has lost value. But imagine how much the price of your dream home that you couldn’t afford 3 years ago has dropped.