The incentives are there to prop up current home price levels and thats all they will accomplish IMO.

It will take a lot more than tax incentives for values to rise in anything other than an artificial manner. After all, why not give $40k tax breaks then? $50k? Might as well subtract the amount of tax incentive from the purchase price,.....there's your real price.

Bottom line is it's temporary. Last report I read stated there is somewhere in the neighborhood of 3yrs worth of inventory on the market today. That doesn't include megabank shadow inventory. Builder index also rising The housing market is a lot of smoke and mirrors right now. Wouldn't be unprecedented for values to remain fairly static for 15-20yrs.

I snuck away temporarily and was away cutting firewood most the day to get out of the house.

I am warming up the tractor on the back 40 though