US housing market gains momentum as loan applications jump amid first drop in mortgage rates in 5 weeks

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NOVEMBER9 home for sale with for sale sign in front of the door
Home for sale.

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Housing market sentiment is nearing all-time lows as Americans fret over mortgage rates and employment outlook

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oregon housing

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Analysts say the US housing market will avoid a 2008-style crash and prices will only drop by 5% in 2023

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A home foreclosure sign.
A home foreclosure sign.

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Mortgage applications fall to lowest level in nearly 30 years as rates edge higher

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housing

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Home prices could rise as much as 5% in coming years but don't expect a bigger jump, NAR chief economist says

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A home with a for sale sign.
Investor purchases of American homes dropped 45.8% year over year last quarter, according to Redfin.

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Home prices will sink in these cities that were once red hot as supply starts to overwhelm demand

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Austin, Texas.
Austin, Texas.

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Real-estate investing in a down market: Strategies to use, how far home prices will fall, cities where prices are falling the most, which markets to invest in, and more

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incomplete construction suburbs

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Mortgage rates are falling back near 6%, reopening the housing market for 3 million home buyers, according to Freddie Mac

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san francisco housing market

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The worst is over for the US housing market – and prices will stop crashing within 6 months, Goldman Sachs says

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A home for sale with a price reduction sign
House prices are likely to have fallen 6% from their peak by the time they stop sliding later this year, according to Goldman Sachs.

Reuters

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