Home Buyer Tax Credit’s Impact: Mostly in Our Heads
According to a recent WSJ article, Realtors shouldn’t pop the cork over the passage of a home-buyer tax credit extension yet, especially in some of the most expensive housing markets, according to a new report from Deutsche Bank. Analysts argue that the tax credit’s impact has generally been overstated and that its impact going forward is likely to be uneven. However, the report concludes that the credit has psychological value in propping up the housing market.