AP - Help is on the way for some debt-plagued homeowners. It just may not be fast enough or broad enough to keep many from losing their residences.
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The Bay State housing market suffered through its worst June in 17 years last month, with sales volume down 14.9 percent and median prices tumbling 8.6 percent to $329,000,…
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LONDON (Reuters) - Approvals for home loans in June hit their lowest since records began and retail sales fell at their fastest pace in at least a quarter century as a housing market downturn threatens to derail the whole economy.
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AP - The number of households facing the foreclosure process more than doubled in the second quarter compared to a year ago, according to data released Friday.
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AP - Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades.

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AFP - US home sales fell another 2.6 percent in June as inventories rose and prices fell with buyers still hesitant in the face of a horrific market slump, industry data showed Thursday.

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Reuters - The best way to help the ailing
housing market recover from the $1 trillion of losses it faces
will be to cut the cost of mortgages via the housing bill and
rescue package for mortgage finance giants, the manager of the
world’s biggest bond fund said on Thursday.

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Reuters - Jobless claims jumped last week and
the pace of existing home sales tumbled to a 10-year low as
slowing growth hit hiring and a glut of unsold homes weighed on
the real estate market, data on Thursday showed.

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