Sule Aygoren Carranzais managing editor ofRealEstate Forum.
WASHINGTON, DC-A tax credit, zero-down payment mortgage programor any other incentive to spur people to buy homes isn't going tofix the current issue in the housing market, maintain industryorganizations. The issue lies not in the oversupply of homes forsale, but in the liquidity.
Therefore, lawmakers must be careful not to approve proposalsthat would do more harm than good. Jim Arbury, senior vicepresident of government affairs for the National Multi HousingCouncil and the National Apartment Association Joint LegislativeProgram, states, "The primary objective at this point should be toavoid causing a full-blown credit crisis.
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