Housing crisis keeps buyers on sidelines
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For some prospective home buyers in Southern California, the effect of the U.S. mortgage crisis has been to keep them on the sidelines of the home market, wary of stepping in for fear prices will fall further.
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Even borrowers with strong credit are feeling the pinch as home values fall and monthly payments rise.
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A record number of homeowners with high-cost mortgages have fallen behind on their payments or are facing foreclosure, a side effect of the growth in lending to people with poor credit, according to an industry group survey released yesterday.
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A drop in the pace of home sales was not enough to keep housing from getting even more expensive across Massachusetts last month.
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Not everyone has suffered from the current housing slump. Exceptions include entrepreneurs with deep experience in real estate and those who have carved out a special niche.
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The roaring commercial real estate market is getting too hard for property owners to resist.
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Growing numbers of people are being squeezed out of the housing market, researchers have concluded.
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Even with the downturn in the real estate market, houses in the Boston area will continue to be unaffordable for many working families and first-time homebuyers, according to a new report from Harvard University's Joint Center for Housing Studies.
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Business & money: Wall Street threatened by crumbling housing market.
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Danger lurks down the road for people with interest-only mortgages.
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Even as foreclosures keep rising and overall sales continue to plummet, more expensive homes have staged a bit of a comeback in recent months.
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The threat of higher interest rates is putting off some potential first-time home-buyers, a survey suggests.
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A Commerce Department report offered no clear picture of whether the worst of the nationâs housing slump is over.
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Distinctions between local economies are being overridden by a mortgage market that has made it more difficult for many would-be home-buyers to obtain financing.
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The state&#39;s housing market continued to hit record levels last month as a dip in mortgage rates and improved inventories spurred many buyers to action, according to the Massachusetts Association of Realtors.
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Move follows government's failure to to find buyer for stricken mortgage lender
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Distinctions between local economies are being overridden by a mortgage market that has made it more difficult for many would-be homebuyers to obtain financing.