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Housing Market Madness? A New Push for a Bigger Homebuyer Tax Credit

Are we really going to go through this again? Immediately after the U.S. Department of Housing and Urban Development finished putting the final touches on a controversial plan to allow first-time homebuyers to use an $8,000 tax credit as a downpayment on a new home, some in the  Senate are proposing nearly doubling the credit [...]


No Help for Commercial Real Estate Market?

So says Shaun Donovan, head of the Department of Housing and Urban Development. In an interview with The Washington Post, Donovan says the focus of the real estate recovery will remain on the housing market.
Clearly, the biggest focus has been on the single-family market. . . . We’re not going to have a program to [...]


Obama Signals Change for HUD

The Department of Housing and Urban Development is one of the most understaffed, demoralized agencies in Washington. Some say even top-flight talent won’t be enough to reform it.


Florida’s Martinez to Retire

One-term Florida GOP Sen. Mel Martinez has decided he won’t shoot for a second term in 2010. From his long and winding statement: