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Data

Overall Mortgage App Volume Falls to 27-Year Low

Despite a slight dip in mortgage rates, the MBA reports that mortgage application volume has fallen to lows last reported in December 1996, as rates and housing inventory continue to serve as major barriers to entry into the housing market.

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Homeseekers Now Adding Climate Concerns to Shopping Considerations

"While all generations juggle trade-offs like budget, floor plans and commute times, younger home shoppers are more likely to face another consideration: They want to know if their home will be safe from rising waters, extreme temperatures and wildfires," said Zillow Senior Population Scientist Manny Garcia.

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Mortgage Rates Soar to 22-Year High

While economic uncertainties remain a struggle for many Americans, rate hikes continued to slow overall housing market activity in August as mortgage rates reached their highest in over two decades, according to HouseCanary's Market Pulse report.

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Nationwide Home Prices Up 5% YoY

U.S. home prices experienced the biggest increase in 10 months due in part to a significant lack of inventory, increasing 5% year-over-year. Meanwhile, homes in the popular Miami metro surged 17% from last year.

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HUD Makes $113M in Affordable Housing Vouchers Available Across U.S.

"Housing choice vouchers are some of the strongest tools we have to help families find stable and affordable housing," said U.S. Department of Housing and Urban Development (HUD) Secretary Marcia L. Fudge. "This year, HUD found that rents rose once again, accentuating the strain on costs for American families.”

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