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
Thu, Oct 09, 2014 - 5:50 AM
In Phoenix, the Federal Housing Administration's loan limits dropped well below the median price for a new home.
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.