Recent conflicting headlines convey a new confidence in the housing market coming from the government and at the same time a disappointed reaction from investors. News of home prices stabilizing and an increase in sales for first time buyers have convinced many people that this area of the economy is on the road to recovery. Others are concerned that the recovery is temporary and may lead to complacency.
The government has taken unprecedented steps to reenergize the housing market. Many incentives were introduced to keep people in their homes as well as to encourage others to purchase homes. Mortgage rates have hit all time lows and tax credits were made available for first time home buyers. These actions were successful in stimulating the housing market, however many are concerned that there will be a regression when this intervention ends. This forum offers an opportunity for many of the experts from the government and the private sector to present their expectations for the housing market when the interventions end and what they believe are the necessary steps to keep it from returning to a catastrophic state.