Tighter credit for home mortgages will measurably dampen home sales in the short term and postpone an expected recovery for existing-home sales until 2008, according to the latest forecast by the National Association of Realtors(R).

Foreclosures put stranglehold on mortgage market (Plano Courier)
Increasing home foreclosures have tightened the mortgage market making it hard for first time homebuyers to take their first plunge into the Collin County housing market.