Industry NewsOpinion

Real estate’s August report card

Guest perspective: Consumer buying power impacts home sales
Published on Aug 21, 2006

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by CareyBot

We are kidding ourselves that mortgage rates are not the problem. Here is why:

We are asking today's buyers to pay 15 percent more per month than we asked them one year ago. Entry-level buyers simply cannot afford to make the payment, which is why so many builders are offering loan programs with subsidized mortgage payments over the first few years ...

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