Homebuyer Tax Credit Extended

It's official, the $8,000 first-time homebuyer tax credit has been extended through June 2010. Since it only applies to homes priced at $800,000 and below, it won't help many buyers of Manhattan Beach homes. But there are a few available in that price range and the way the market has been going, there may be more in the future. It could help sell homes in the neighboring cities, allowing those owners to move into Manhattan Beach.

There are other new features of the homebuyer tax legislation. Read the CNN article for more information.