Tag: Bernard Baumohl

Tight credit keeps buyers from cheap homes

In the aftermath of a housing crisis built on easy credit, today‚Äôs tighter credit standards are widely accepted. But just how fine a comb lenders put to loan applications can be surprising. California Realtor Scott G. Harrison tells the story of a recent buyer with a pending contract on a […]

Housing picture bleak in spite of modest gains

Better weather and an improving jobs outlook likely pushed existing home sales upward in March, but foreclosures, tight credit and lingering unemployment continue to dog the housing market as it enters the spring selling season. Home sales will rise 2.5% to a seasonally adjusted annual rate of 5 million when […]