Housing keeps getting less affordable – and the math only improved in one major city this year, says Redfin

Tech Insider : Economy, Economy
A real estate agent holding a house key
Redfin expects mortgage rates to dip next year.

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The steepest mortgage-rate plunge since 2008 is boosting homebuilder stocks to fresh highs

Tech Insider
A builder works on a home roof

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The hottest housing markets of 2024

Tech Insider : Economy, Economy
Toledo, Ohio.
Toledo, Ohio.

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3 years ago, this swanky San Francisco house sold for $20 million. It just changed hands again — for half the price.

Tech Insider
A winding uphill street.
Lombard Street in San Francisco.

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Pending home sales drop to a record low, exceeding the decline seen during the 2008 housing collapse

Tech Insider : Economy
Home sales

(Photo by SAUL LOEB/AFP via Getty Images)

The hidden expense that's sucking $74 billion out of the economy

Tech Insider : Economy
Illustration of a house shaped cage releasing dollar bills.
Rising home and car insurance costs could cause many Americans' budgets to crack — and hamstring the driving force behind the US economy.

Kiersten Essenpreis for Business Insider

Average homebuyers are beating out Wall Street landlords

Tech Insider : Economy
A homebuyer pulls the welcome mat from under a wall street investor.
Deep-pocketed investors bought lots of homes during the pandemic, drawing the ire of regular homebuyers and lawmakers. But the panic over corporate vultures obscures the real problems in the housing market.

Chelsea Jia Feng/BI

She bought a house without using a realtor. Did you?

Tech Insider
A couple standing outside of a house.
About 12% of homebuyers in 2023 did not use a real-estate agent.

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It's never been harder to build wealth. Blame high interest rates and the US housing market.

Tech Insider : Economy
The housing market has been pushed out of reach for some Americans by sky-high mortgage rates.
The housing market has been pushed out of reach for some Americans by sky-high mortgage rates.

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Housing market affordability will improve in 2024 as home prices fall amid more inventory, Morgan Stanley's chief US economist says

Tech Insider : Economy
Aerial view of a residential area with houses in the Phoenix suburb of Chandler.
Aerial view of a residential area with houses in the Phoenix suburb of Chandler.

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