Sule Aygoren Carranza is managing editor of Real Estate Forum.

WASHINGTON, DC-A tax credit, zero-down payment mortgage program or any other incentive to spur people to buy homes isn’t going to fix the current issue in the housing market, maintain industry organizations. The issue lies not in the oversupply of homes for sale, but in the liquidity.

Therefore, lawmakers must be careful not to approve proposals that would do more harm than good. Jim Arbury, senior vice president of government affairs for the National Multi Housing Council and the National Apartment Association Joint Legislative Program, states, “The primary objective at this point should be to avoid causing a full-blown credit crisis.

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