“Government stimulus programs including the homebuyer tax credit [which is set to expire at the end of April] and a Federal Reserve program to buy mortgage-backed bonds lifted the real estate market in the closing months of 2009.
A sustained recovery in housing faces hurdles that include mounting foreclosures and a weak labor market, said Thomas Lawler, a former economist with Fannie Mae who now is an independent housing consultant in Leesburg, Virginia.”
Home Prices Decline 1.2%, Smallest Drop in Two Years [Bloomberg]
Senate Approves First-Time (And Move-Up) Homebuyer Tax Credits [SocketSite]

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Comments from “Plugged-In” Readers

  1. Posted by Jeremy R

    The government will blink. I gaurantee it.

  2. Posted by sfrenegade

    If I remember correctly, a House bill already has the extension of the homebuyer tax credit. Sad stuff…

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