- The US government has spent trillions of dollars to bring mortgages rates down to spur home buying.
- The US government has created programs like the home buyer tax credit to get people to buy homes and take advantage of historically low interest rates. A new bill sponsored by Senator Chuck Schumer would incentivize foreign buyers to purchase a primary residence as a path to legally live in the United States.
- The banks and Freddie and Fannie have avoided flooding the market with distressed homes in efforts to avert a further drop in home prices. This strategy on their part is understandable, but nevertheless has kept prices propped higher than market forces would normally bear.
- Many institutions have created some type of a loan modification to prevent home owners from foreclosing or being part of a short sale, thereby keeping troubled inventory off the market. However, loan modifications have a high redefault rate so the likelihood of these homes ending upon the market is high and looming ahead.
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