To amend the Internal Revenue Code of 1986 to extend and expand the homebuyer tax credit.

Amends Internal Revenue Code provisions relating to the first-time homebuyer tax credit to: (1) extend such credit through December 31, 2009; (2) increase the amount of such credit to $15,000; and (3) extend such credit to all individuals who purchase a principal residence (currently, only first-time homebuyers as so defined).