Decreases the number of foreclosures
Low home prices has contributed to the high number of foreclosures.  The tax credit creates demand for homes, thus increasing their price and avoiding some foreclosures.
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Extend the first time homebuyers tax credit »Extend the first time homebuyers tax credit
Decreases the number of foreclosures
Increase in house prices is artificial and temporary »Increase in house prices is artificial and temporary
May increase foreclosures later »May increase foreclosures later
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