The federal first-time homebuyer’s tax credit has buoyed the lower end of the region’s real estate market in recent months. Now it’s time for people with a bit more money in their pockets to get the same deal.

With the extension of the tax credit signed by President Obama Nov. 6, real estate professionals expect that momentum will build in the market for more expensive homes. Although the cap on the first-time credit remains $8,000, the income limits for first-time buyers were raised and a new tax credit of $6,500 created for home-owners who have lived in their current residence for at least five years.

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