The first time homebuyer’s tax credit is looking very likely to be extended for another year, and also include current homeowners. The homebuyer tax credit article from Yahoo says first time homebuyers would still get an $8,000 tax credit, and buyers who have owned their current home for at least 5 years would get a $6,500 credit.  From the article:

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.