Obama Signs Homebuyer Tax Credit Extension, but Not for Everyone

Just a brief note of warning to folks who might be thinking about buying a home or a condo or whatever strikes your fancy. Sometimes headlines aren't just wrong, they're flat-out misleading.

For example, we have this headline from HousingWire: "Obama Signs Homebuyer Tax Credit Extension."

Based on that headline, you'd think that the $8,000 first-time homebuyer tax credit was extended. Time to start scouring the Web for your dream house? Start calling real estate agents?

Hold on just a minute.