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More Housing Tax Credit?

The HUD is flirting with the idea of yet another housing tax credit while carefully watching and assessing the market.  They say they are committed to doing everything they can to make sure it stabilizes and recovers.  HUD Secretary Shaun Donovan was on CNN this weekend stating “we’re going to be focused like a laser on where the housing market is moving going forward, and we are going to go everywhere we can to make sure this market stabilizes and recovers.”  Check out Diana Olick’s article from CNBC.

So is this the answer? Do people believe that another artificial tax credit will stimulate the housing market and the economy for the long term or is it just another short fix? Please share your thoughts.

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