Homebuyer Tax Cred Extended Through Apr/2010. Will This Do Anything For Charlottesville Area "Move-Up" Market?

Last night (10/27/09) it was a done deal; today, it's iffier.  But it's likely that the "First Time Homebuyer Tax Credit" is going to be extended and expanded to include "Move-Up Buyers" and run through 4/30/10. 

 Is this going to significantly increase Move-Up Buying in this area? 

Short Answer:  Not likely.  But do read on to learn why.

The new tax cred of $7,290 UPDATE $6,500  has expanded