Now that we have all been crushed by the latest home sales figures from last week, we are being thrown a possible life line. I spent all weekend reading the doom and gloom about how bad the housing market is now that the last home buyer tax credit we had in 2009 and 2010 had expired.
I didn't think in my wildest dreams we would be seeing another one. Then to my amazement this morning a story appeared as I booted up my computer. I have to say my heart skipped a beat. This wasn't some no name source, no it was none other than CNBC. I hope it is true. Others in the industry might not feel the same way but we need some real help to clear the inventory of the overbuilding from the last few years before the bubble burst.