How has the recent home buying tax credits affected the current real estate market?

Question by summer=happiness: How has the recent home buying tax credits affected the current real estate market?
Have the recent home buying tax credits actually helped stimulate our economy by moving some of these houses that are on the market?
How has our real estate market been affected by this, or has it?
Any realtors out there that can help answer these questions?

Best answer:

Answer by sunshine
No it has not and the fallout from those now buying what they cannot afford will be felt in three to five years.

Know better? Leave your own answer in the comments!

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