Biggert pushes to extend tax credit

 U.S. Representative Judy Biggert (R-IL-13th) has introduced legislation that would extend the existing first-time homebuyer tax credit for six months as well as a second bill that would extend the tax credit for a full year, expand it to include those who aren't first-time buyers and increase the maximum amount of the credit to $15,000.

Read Rep. Biggert's news release to learn more about the pending federal legislation.

• NAR talking points on the tax credit
• IAR talking points on the tax credit
• Tax Credit Impact in Illinois
• Learn why it's important to extend the $8,000 tax credit.