Applications for home loans have plunged to the lowest level since 1996 as mortgage rates notch 23-year highs

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A mother and her daughter walk past a 'for sale' sign.
The 30-year fixed mortgage rate notched 7.53% over the last week, per the latest MBA data.

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The US housing market is set to cool this fall, setting up a rare opportunity for buyers as sellers slash prices, Zillow says

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Home prices could jump 5% in the next 12 months as high mortgage rates freeze the housing market, Zillow economists say

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Home prices
Home prices will jump by 4.9% by August of next year, Zillow economists warned.

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America's housing market is so tight that even Wall Street giants can't find homes to buy

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The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says

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A woman toting an umbrella passes Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque
Woman walks past Fannie Mae in Washington

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Rent prices in the US are just shy of notching a new all-time high

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Rents are so expensive that more landlords are offering free months in a bid to attract tenants.

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The housing market is about to take a hit as student loan payments restart

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Student loan payments are set to resume in October of this year.

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US home prices are nearly back to all-time highs reached last summer

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A row of suburban homes in Northern California
Some of the most active homebuyers during the COVID-19 pandemic are now pumping the brakes on purchases.

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The average homebuyer lost $71,000 in purchasing power over the last year as mortgage rates refuse to ease

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US house prices
The average 30-year fixed mortgage rate clocked in at 7.48% the last week, according to Mortgage News Daily.

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Americans now need to spend 43% of their income to afford a home as mortgage rates surge to a 23-year high

Tech Insider : Economy, Economy
A new housing development in Waldorf, Maryland.
A new housing development in Waldorf, Maryland.

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