One economist thinks the impact of the $8,000 tax credit has been overestimated. He’s probably right.

But even he conceded the credit may have stimulated sales of about 225,000 units. That’s still a lot in a market that needed all the help it could get earlier this year.

P.S. This Herald story, which John linked to in the post below, mentions how the tax credit may be contributing, a little, to the apartment glut.