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Mortgage News

On Friday, several U.S. representatives announced the introduction of the bill titled “Homeownership Opportunities Act” (H.R. 2929), for the purpose of bringing a pre-tax savings program to help prospective home buyers save for a down payment more efficiently. Congressman Joe Heck (R-NV) expressed in a statement that as many young home buyers and even families…

Metrostudy, a real estate consulting firm based in Houston, analyzes the health of the residential market in metropolitan areas across the U.S. and issued prescient warnings about the coming housing bust as early as 2004. One of its main analytical tools is what makes Metrostudy interesting: drive-bys. Employees drive through newly built—or still being built—home…