The House has passed bill HR 3590 which extends the $8,000 tax credit for military families until November 2010. This is designed to allow those in active service overseas to still enjoy the first-time buyer tax credit. The bill is expected to pass easily in the Senate as well. Although the political climate has changed in Washington, the ease of the bill's passage is a large "thank you" to our troops from the Capitol.
Still no word on extending it for civilian buyers.