Here are the details:
First-time home buyers are eligible for up to $8,000 tax credit and move-up buyers who have owned their home, as their primary residence, for the past 5 consecutive years are eligible for a reduced credit of up to $6,500.
The income limits have been raised. Individuals whose incomes are $125,000 or below, and families earning less than $225,000
MAXIMUM PURCHASE PRICE
Must be under contract by April 30, 2010 and settle before June 30, 2010.