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Highly visible problems in the housing finance system are contributing to a wait-and-see attitude among prospective home buyers and reducing builder confidence in the single-family housing market, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index, released last month. A revitalized FHA speaks to the future of the housing finance system and the people it serves. In the 1980s there were enormous changes in the housing finance system that affected both the home-ownership rate and real house prices. |
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