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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

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.

Mr Beben, 33, a general...

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