Housing Market Woes Both Help and Harm Campus Recruiting

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With a house languishing in the real-estate doldrums of southwestern Ohio, Edward F. Leonard III and his family have lived apart since he took over as president of Bethany College, in Kansas, nearly a year ago. Their situation is like that of many faculty members and administrators frustrated by housing prices across the country.

"We got tired of being a long-distance family," Mr. Leonard said last week by cellphone as he drove caravan-style with his wife and young son. They

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