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Top obstacles for first-time buyers

Real estate roundup

Poll: Most see housing downturn worsening About three out of four Americans think the housing crisis has not reached its worst point, but nearly half think conditions will improve once a new president is elected, according to a Harris Interactive poll commissioned by Move Inc. Among prospective home buyers, 81 percent said they face barriers to buying in the current market. High home prices, money for a down payment and lack of confidence in the economy were the most often cited barriers. Only one in 100 current homeowners plans to buy a home in the next six months, compared with 2 percent of renters. About 4 percent of current homeowners say they plan to buy a home in the next 12 months, and 7 percent of renters. The greatest barrier to home ownership, cited by 31 percent of the 2,462 adults surveyed, was high home prices. That concern was higher in the West (39 percent) than in the South (27 percent) or Midwest (26 percent). The second-greatest barrier keeping buyers...

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