In an effort to jumpstart the housing market in 2008, the federal government took the first step. The Housing and Economic Recovery Act of 2008 established a tax credit for firsttime homebuyers. This report critically examines the impact of the firsttime homebuyer credit.
At the start of 2010 the real estate industry faced an economy that was struggling to find a way out of the recession, a bunch of aggressive government bailouts had been propping up the market that at the same time was utilizing taxpayer dollars to restock the corporate bank accounts. This report presents various views of what may lay ahead for the economy.