Housing affordability improves as house prices dip, home mortgage rates stay flat

Rick Adlam — Sat, 07 Jan 2012 09:27:37 +0000

Homes for sale are sticking in the market longer, and homeowners are either removing their homes from the market, multi-listing the property with many real estate agents or having to lower their price expectations. This is affecting new home sales as new home hopefuls that cannot sell, are having to shelve home building plans.

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Housing affordability improves as house prices dip, home mortgage rates stay flat