DOES THE REAL ESTATE MARKET NEED SAVING?

This morning I was reading Richard Weisser's featured post, "A completely new proposal to save the real estate market.  It's not as crazy as you might think!"...

In the post Richard writes of his new idea to save the real estate market.  His plan involves "A dollar for dollar tax deduction for down payments".  Seems like a pretty good idea...

But I am struggling with the premise...

Why does the real estate market need saving?  Is it really that bad?

I thought it was a great time to buy a home...

Interest rates low.  Prices down.  Lot's of inventory to choose from.

So what gives? 

Does the real estate market really need saving?

Ken

A Realtor you can trust. 

-It was a sunny day at the Carrolwood townhomes in Naperville.  Is the real estate market's future just as bright?