A federal tax credit for first-time homebuyers extended by Congress last week and approved by President Barack Obama could increase home sales in Indiana.

The tax credit, $8,000 for a first-time homeowner, was set to expire Nov. 30. Obama’s signature extends it to April 30 and provides a new $6,500 credit to people who have owned and lived in a home for at least five consecutive years of the past eight years and now want to buy another home.

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