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H.R. 7753119th CongressIn committeeLatest action Mar 3, 2026Decoded by AI · checked against the record
Official title: First Look for First-time Homebuyers Act of 2026
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
First-time homebuyers would get a 15-day exclusive window to bid on foreclosed homes before investors can offer.
40-second read · 4 questions answered below
The bill requires government-related housing agencies to list foreclosed single-family homes (1-4 units) exclusively for first-time homebuyers for the first 15 days, blocking investors and repeat buyers during that window. Agencies must price homes using recent appraisals or explain their method, list properties publicly with a countdown, and cannot bundle homes to bypass the rule.
Affects people seeking to buy their first home, real estate investors who buy foreclosed properties in bulk, and agencies including FHA, FHFA, Fannie Mae, Freddie Mac, and USDA.
The rule would restrict who can bid on foreclosed homes during the initial listing period, changing how these agencies price, market, and sell such properties, with new reporting and verification requirements.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the President.
Latest action: — Referred to the House Committee on Financial Services.