Any surprise they put it right in the middle of the prime homebuying season?
That's right, spring is the time when real estate gets a shot in the arm. I personally bought my house this time of year, making me a good old statistic.
That means you'll find a glut of houses on the market even if the economy wasn't sucky (yes, that's a technical term).
But here's the better news. You don't have to be a first-timer to reap the rewards.
The government's extension of the credit last November also opened things up to "long time residents." That's a buyer who "owned and used the same home as a principal or primary residence for at least five consecutive years of the eight-year period ending on the date of purchase of a new home as a primary residence."
Are you counting on the credit?