Housing Market

Teachers and First Responders Would be Eligible for No-Down-Payment Mortgages Under a House Proposal

House members of Congress recently introduced joint legislation that would allow teachers and first responders — such as cops, firemen, EMTs, and paramedics — to get a mortgage without putting down any money. The HELPER Act The HELPER Act (Homes for Every Local Protector, Educator, and Responder) aims to assist such persons in obtaining a house in today’s competitive housing market. The measure was sent to the House Financial Services Committee, but it has yet to have a markup. The bill would do the following: Under the Federal Housing Administration, … Read more

Housing is (insert rocket emoji ): 4 Ways This Market is Unlike Others

Housing is on the upswing yet again because of an economic recovery. No wonder, since home prices are, still, rising at record levels. The new real estate price race for price increases and bidding wars has a lot in common with the previous one. This year’s recovery is the most robust he has seen since the financial crisis. A widely held belief among economists It is generally agreed that the house prices would avoid increasing but don’t expect them to decrease dramatically. I don’t believe prices would go down significantly, but … Read more