It's official.

The President signed the bill that contained the extension of the popular $8,000 credit for first-time home buyers.

    The credit will be available through next June as long as the buyer signs a binding contract by the end of April.

Existing Homes Included

    The law includes a $6,500 credit for existing homeowners who buy a home after living in their current residence at least five of the last eight years.

    At the interest rates available now, homeowners can upgrade to a larger home.  The income limits for a single person and for couples has been increased.