NEW YORK (CNNMoney.com) - Bipolar is what comes to mind when diagnosing the post-homebuyer tax credit market. There are two separate forces pulling it in opposite directions, and experts aren't yet sure which path the market will take.
On one hand, sales and prices are rising, indicating recovery. On the other hand, so are interest rates and repossessions, which most certainly do not. And then there are the millions of foreclosures that need to be sold but haven't yet been listed - so-called shadow inventory - that could derail a real recovery if they hit the market in floods.
The prognosis? Negative short term but turning positive by the end of 2010.