With the tax credit available immediately to use for a down payment or closing costs through a short term loan program, many people who otherwise would not qualify for mortgages are able to get into a home and this boost is fueling the resurgent market. All the paperwork for this credit and closing must occur before December 1st, so anyone wanting to take advantage of this program need to begin the process as soon as possible.

The recent attempts by the government to modify loans to prevent foreclosure is not going as smoothly as planned adding to the mounting home crisis. Sales have been climbing over the last few months this summer,  but many analysts continue to believe the crisis has not seen its last days.