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Analysts predicted a shocking downturn in the real estate market after the tax credit boom ended. Sure enough, July's figures were disappointing, showing a 27% drop – to the lowest level on record since 1999. The total number of unsold homes grew 2.5%, reaching close to four million.

The Motley Fool provides an informative article on the real estate outlook, with expert analysis of the situation and future predictions. Yale professor Robert Shiller stands by earlier analyses by other experts that we should expect a plunge in the months following the end of the tax credit boom, saying, "It looks pretty on target for what I would have expected."

Shiller thinks many are overreacting to the current numbers, in light of the fact that many homebuyers rushed to secure contracts before the deadline in order to take advantage of the tax credit, leaving the market short of potential buyers who would normally still be searching for homes.

There's definitely been an overreaction to the figures, according to Shiller, who thinks that we can expect sales to level out by the end of the year. He expects to see declining sales figures in the several months following the end of the tax credit, so we can expect August's figures to be equally as grim. But if we trust in Shiller's market-savvy, we shouldn't let these few months of low numbers get us down.

When you look at the year as a whole, sales are down 10-15% below what we would normally expect during prosperous economic times – so in actuality, jobs are a much bigger issue right now, and we can expect that home sales will show only modest increases until the unemployment crisis has ended. His prediction? Two to three years before we reach sales growth that we could call "normal."

That said, even though the tax credit has ended, there are some pretty promising Idaho mortgage programs that are enabling buyers to secure an Idaho home loan with a zero down payment – something that's been pretty nonexistent since the subprime mortgage crisis began a few years ago.

If you're in the market for a new home, don't be discouraged because you missed out on the tax credit. Call an Idaho mortgage specialist today to inquire about zero down-payment mortgage programs and find out if you're eligible.