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Homebuilders add on freebies as once-booming US markets cool

Buyers are holding back after the government cut the maximum size for mortgages with low downpayments
Thursday, October 9, 2014 - 05:50
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In Phoenix, the Federal Housing Administration's loan limits dropped well below the median price for a new home.

Boston

JOSEPH Beben wasn't in the market for a house until he heard about a year-old community in suburban Phoenix, Arizona, where 10 homebuilders are offering buyers incentives such as swimming pools, built-in barbecue pits and subsidised mortgage rates.

Mr Beben, 33, a general