
Home ownership declines to lowest level since 2006 WASHINGTON (MarketWatch) — More Americans this year are choosing to rent instead of owning their own homes, and they’re paying a higher price too. The U.S. Census said Monday that rental vacancies fell to 8.8% in the first three months of 2012 from 9.4% in the [...]
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Despite an improving U.S. economy, the nation’s banks remain cautious about what they will lend, and to whom. Last quarter, by a margin of 3-to-2, more banks tightened residential mortgage lending standards for “prime borrowers” than did loosen them. A “prime borrower” is defined as one with a well-documented credit history, high credit scores, and [...]
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