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October 28, 2010

First-Time Homebuyer Credit Contributed As Much As 10% in Incremental Price Stabilization

More than three years after the collapse of the U.S. housing market in summer 2007, the burdens of falling home prices and vanishing equity investment continue to bear down upon homeowners, lenders, and investors alike. Although some encouraging signs of price stabilization emerged in the spring when the homebuyer tax credit was about to expire, recent lackluster performance in housing activities and softening trends in home price recovery are anything but assurance of the possibility of a near-term housing recovery.

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