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A new report from Bloomberg indicates that first-time homebuyers are having difficulty securing loans thanks to student loan debt totals nearing $1 trillion.
The number of existing homes listed for sale declined last month to the lowest level for September since 2005.
The annual rate of 5.35 million units is a one-year low for U.S existing home sales.
U.S. home prices are expected to rise about 3 percent a year from 2013 to 2016, although they will continue to decline through late 2012 or early 2013.
Seventy-four housing markets across the nation saw median home prices increase in the first quarter of 2012, the National Association of Realtors said in a report released Wednesday, which is slightly more than half of all the markets it surveys.
U.S. apartment vacancies dropped to a 10-year low in the fourth quarter, paving the way for rent increases that are likely to continue this year.
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