More Homes, Few Buyers, Even Price Cuts. How the Housing Market Has Changed.
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Home sales this spring aren’t as strong as hoped as prices and mortgage rates remain high while buyers worry more about job security. Some house hunters who were serious about their searches are backing out of the market in some areas. D.R. Horton, the nation’s largest home builder, on Thursday cut its guidance for the year as it said buyers were more cautious than expected this spring.
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