Housing affordability gap yawns
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Home buyers in England face the biggest affordability gaps in South West and London, the Joseph Rowntree Foundation says.
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Land trusts encourage affordable urban housing, where surging prices have outpaced moderate incomes.
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There's an anxious face-off between sellers and buyers of homes as expectations of big profits fade
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Empty homes and for-sale signs clutter neighborhoods. You've lost your job or know someone who has. Your paycheck and nest egg are taking a hit. Could the country be in recession?
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Even when experts were declaring the economy healthy, many Americans voiced a vague, but persistent dissatisfaction. True, jobs were relatively plentiful over the last few years. It was easy to borrow and very cheap. The sharp rise in the value of homes and plentiful credit cards encouraged a nation of consumers to get out and buy. But to many people, something didn't feel right, even if they couldn't quite explain why.
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WASHINGTON -- Homeowners in every state but one spent more of their incomes on housing costs last year than at the start of the decade, according to data released by the Census Bureau. Those in Alaska spent the same.
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Property prices are falling at rates not seen since the 1990s housing recession, surveyors warn.
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Weak housing market hurting demand for power tools.
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U.S. construction spending fell a sharper-than-expected 1 percent last month as home building posted a seventh straight drop, according to a government report on Friday that underscored the weakness in the U.S. housing market.
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Rental housing in the Green Bay area and elsewhere in Wisconsin is more affordable than the national average, but an advocacy group says many poor Americans are still paying more than they can afford because salaries havenât kept up with rent and
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Home prices in 10 major metropolitan areas fell a record 8.4 percent in the year through November, suggesting the housing slump is worsening, according to a Standard & Poor index released on Tuesday.
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As bad as they were, the 2007 housing start numbers probably should have been worse.
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Turmoil in credit and housing has obscured a rise in prices.
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Young people face a choppy job market, making it hard to cope with high housing costs and rising college debt.
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Some economists are starting to question the magnitude of housingÂs impact on national habits of spending and thrift.
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The housing slowdown has caused Americans to miss more payments on home loans, though more appear to be paying their credit card bills on time.
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Home ownership will remain out of reach for millions of Americans, despite slumping house prices, unless low-income wages grow faster, according to a national housing study released Monday.