Home Buyer's Tax Credit Needs To Come Back

Agreed!  There are other programs coming out but we don't know how they'll be working or if they'll be as effective

While I would love to see the tax credit return, I did read something interesting the other day about how since rates have fallen since then, people who buy now will still be farther ahead 5 years from now then people who bought for the tax credit.  Interesting way of looking at it, I think.  :)

The trickle down effect was certainly evident as you mention. It has been much slower here since the tax credit expiration!

Come on!  Tax credits did absolutely nothing but bunch all the transactions into one quarter.  Even the government eventually figures out that you can't keep making the same mistake over and over, expecting different results.

The tax credit was about putting stimulus dollars in the hands of people who would spend them rather than just pay down debt.  They let real estate agents and loan underwriters sort out the applicants and deliver people who had low debt, good credit, and a couple empty rooms to fill with furniture -- mostly Chinese manufactured furniture.  In that respect it was a success, but it did little for the housing industry.