The homebuyer tax credit definitely boosted home buying and created a drop-off after it expired....

|By:, SA News Editor

The homebuyer tax credit definitely boosted home buying and created a drop-off after it expired. But that doesn't fully explain the terrible housing market, Diana Olick writes, since many homes are still expensive enough that buyers aren't swayed by an $8K tax credit. Mostly, it's a "startling lack of confidence" that poses a grave risk to recovery.