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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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.

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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

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

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

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house for sale

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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

Canada's unprecedented housing crisis could be a warning sign for the US

Tech Insider : Economy, Economy
Construction of new homes and town homes in Markham Ontario in June 2022.
Construction of new homes and town homes in Markham Ontario in June 2022.

R.J. Johnston/Getty Images

Soaring mortgage rates take their toll on the US housing market as sales slump to a 13-year low

Tech Insider : Economy, Economy
Stock photo of home covered in snow.
Housing-market activity fell to a 13-year low in October, per data from the National Association of Realtors.

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Renters are getting more perks as increased construction adds to housing market supply

Tech Insider : Economy
Construction workers build a residential high rise
Construction workers build a residential high rise.

Joe Raedle/Getty Images

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