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US subprime crisis hits house sales


MSN MoneyCentral - The crisis in the high-risk mortgage market made it harder for Americans to sell their homes last month, according to real estate agents. Sales of existing homes fell to their lowest level in three years with a drop of 2.6 per cent in April, data
Source: moneycentral.msn.com

Neighborhood finds real estate loans too good to be true
USA Today - And they offered testimony to the bounty of real estate, encouraging their growing flock to buy the wood-frame walk-ups and Lenders devised new types of loans and eased standards to bring buyers into the market. As a result, homeownership reached
Source: www.usatoday.com

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