Given that the tax credit appears to account for a good deal of the improvement in the housing market,” Paul Dales, an economist for Capital Economics, wrote in a research note, “we’re becoming increasingly concerned that the housing recovery will falter once it is removed.

Home Sales Worse Than Expected in December - NYTimes.com

So basically what you’re saying is - there actually is no housing recovery, that the government just gave the patient a shot of adrenaline via a tax giveaway, and that goosed the market for a few months? Yeah, that’s what I thought.

Source: The New York Times

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