Is the housing market going to crash?

Massive government stimulus spending and extraordinarily low-interest rates, funded by the Federal Reserve’s purchase of mortgages, has led to a red hot housing market and unprecedented home price and rent increases. Almost every home for sale has multiple offers from buyers with cash or large down payments. What’s a first-time homebuyer to do? Watch the video for a few ideas and options as we face a crisis for first-time homebuyers.