The homeowner’s federal tax credit was a much-needed shot of adrenaline for the US housing market. For the past few months, we saw numbers on home sales go up as a direct result of the credit, and there are even more purchases that were signed before the deadline that are pending approval of lenders to close. We know that the credit was instrumental in getting desperate homeowners, unable to pay their mortgages, buyers interested in purchasing their homes. But we’re still far from recovery. Just look at what happened when the credit expired. Home sales dropped to their lowest level … Continue reading →