Housing has appeared again on the Presidential radar screen.

A speech President George W. Bush delivered this week included remarks about home ownership rates, a down payment assistance program and the U.S. Housing Department’s plan to revise the Real Estate Settlement Procedures Act.

What he said:

“Our housing market is strong. We intend to keep it that way. There’s a home ownership gap in America, by the way, that we need to address. There’s a minority home ownership gap. I want to thank the Congress for working with us to pass what we call a down payment plan to help the poor, the poor make a down payment on a home. We’re simplifying the fine print, the rules in Washington.

“Listen, if you’re a first-time home buyer and you take a look at one of these mortgage application forms, you pass out over the amount of small words in the thing. It makes you nervous. So we’re simplifying it. We’re helping people understand what it means to buy a home.

“We’re making good progress when it comes to closing the minority home ownership gap. Home ownership is high in America today, and that’s good for the country. The more people own something, the more they have a stake in the future of this country.”

Bush gave the speech in New Hampshire, where voters this week turned out for the presidential campaign primaries.


Send a Letter to the Editor for publication.
Send a comment or news tip to our newsroom.
Please include the headline of the story.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription