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nd3000 | iStock | Getty Images Despite signs of a cooling housing market, home prices are still relatively high, resulting in bigger down payments.  Over the past year, average down payments in the country’s 50 biggest metros have grown by more than 35%, according to a LendingTree report, based on 30-year fixed-rate mortgage data from
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Leopatrizi | E+ | Getty Images Becoming a homeowner can be challenging enough under good circumstances. Add in higher mortgage rates, elevated home prices and unrelenting high inflation — i.e., the current home-buying environment — and it may feel decidedly unattainable. The average rate on a 30-year fixed-rate mortgage has been trending above 7% for
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Some of the richest people in the US, including billionaires Warren Buffett and Sam Zell, have made millions from trailer parks at the expense of the country’s poorest people. Subscribe to The Guardian on YouTube ► http://is.gd/subscribeguardian Seeing their success, ordinary people from across the country are now trying to follow in their footsteps and
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Home Price Declines will hit another gear in November and December. That’s because Homebuyer Demand in the US Housing Market just crashed to its lowest level since 2008. Data from the National Association of Realtors shows that Existing Home Sales have fallen to 4.7 Million in September. While data from the Mortgage Banks Association shows
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Many Chinese developers have halted or delayed construction on presold homes due to cash flow problems. Pictured here is a property construction site in Jiangsu province, China, on Oct. 17, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China’s central government is not likely to spend billions to save the struggling real
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