Home Sales Down, but Prices Are Up: Blame it on the Credit Crunch

C-Ville Weekly | April 23, 2008
After the bottom fell out of the subprime mortgage debacle, lenders started to look at potential borrowers with greater scrutiny. Gone are the days of borrowers with weak credit snagging mortgages with no money down. Yet higher-priced houses are still moving because better-off buyers have an easier time getting loans.

C-Ville Weekly

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