Now is the time for first-time homebuyers to purchase the home they have always wanted.  The new credit is worth $8,000, or 10% of the home's purchase price, whichever is less.  A first-time homebuyer may not have owned a principal residence in the 3 years previous to the purchase date to qualify.  An eligible property is any single-family residence, including condos, that will be used as a principal residence.  For additional information, please visit the following website: http://www.federalhousingtaxcredit.com/2009/home2.html