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Housing sales: Grinding to a halt

Posted on 27 August 2010

From Economist.com: There was always some concern that the Obama administration’s attempts to prop up the housing market with a generous housing-tax credit could end badly.
Opponents of the policy—worth up to $8,000 for first-time buyers—argued that it would merely move sales around, from after the deadline to before, and could produce a slump when the deadline passed. Such fears helped clear the way for an extension of the programme from its first 2009 deadline to April of this year……………………………………….Full Article: Source


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