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.

xavierarnau/Getty Images

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.

Getty Images

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.

Getty Images

I got a $20,000 grant to build a tiny home on my property. It was expensive to start, but I feel secure in my old age now.

Tech Insider
A man and woman sitting on the steps in front of a home.
Jean Lowell and her husband sitting outside of their tiny home.

Courtesy of Jean Lowell

New homeowners are fleeing their pandemic-era digs to be closer to the office, report says

Tech Insider
house for sale
Mature real estate agent adjusting for sale sign in front of home

The Good Brigade/Getty Images

The housing market will be stuck in a rut for a long time even if the US avoids a recession, Fannie Mae says

Tech Insider
house for sale

Stephen Brashear / Getty

A realtor says a $660 apartment listing asking tenants to share a bed proves how 'grim' the affordable housing crisis is

Tech Insider
An unmade queen-sized bed.
The realtor came across a listing for a shared bed on Facebook Marketplace.

owngarden/Getty Images

Stocks, houses, and commercial real estate are all expensive – and prices are under 'notable' pressure, Fed economists say

Tech Insider : Economy
FILE PHOTO: Federal Reserve Board Chairman Jerome Powell speaks at his news conference following the closed two-day Federal Open Market Committee meeting in Washington, U.S., May 1, 2019. REUTERS/Yuri Gripas/File Photo
Federal Reserve Chairman Jerome Powell.

Reuters

Subscribe to housing-market