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Still A Challenge

Despite Market Slump, High Rates Dim Homebuyer Affordability

Scott and Sheila Collett stand in front of the home that they recently purchased, in Valrico, Fla. Collett negotiated a seller-paid mortgage rate buydown to close the deal on the four-bedroom, two-bathroom house with a pool. AP photo

LOS ANGELES — Homeownership is likely to remain a pipe dream for many Americans this spring homebuying season. The nation’s worst housing slump in nearly…

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