Tight credit and high prices slow home-buying plans

tight creditThe number of Americans signing contracts to buy homes increased only slightly in September, as it remained difficult for some potential buyers to qualify for mortgage financing, AP reports

The National Association of Realtors said on Monday that its seasonally adjusted index of pending home sales rose 0.3 percent over the last month, to 105. The index remains half a percentage point below its 2013 average but 1 percent higher than a year earlier.

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City seeks developers for south Phoenix property

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