Brace for 8% mortgage rates to drag the US housing market into a 1980s-style recession, Wells Fargo warns

Tech Insider : Economy, Economy
cleveland houses
The Federal Reserve's aggressive interest-rate hikes could trigger a 1980s-style recession for the US housing market, according to Wells Fargo.

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Janet Yellen made the worst mistake in Treasury history when she failed to lock in cheap debt, elite investor Stanley Druckenmiller says

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janet yellen
Treasury Secretary Janet Yellen.

REUTERS/Larry Downing

10 smaller US cities with booming tech scenes

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An aerial shot of downtown Fayetteville, Arkansas.
Fayetteville, Arkansas.

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Wealthy movers to South Florida have pushed the real-estate market to new highs. See 6 homes for sale only the rich can afford.

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The front of a home in Miami Beach.

The Waterfront Team/ONE Sotheby's International Realty

'Big Short' Michael Burry's bets against S&P 500 and Nasdaq pay off

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Michael Burry big short

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'Recessions always start with an economy that's been booming': An investing pioneer explains why he sees 50% chance of a downturn in 2024

Tech Insider : Economy
Rob Arnott Top 100

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Don't expect house prices to fall this winter, says Goldman Sachs economist

Tech Insider : Economy, Economy
A row of three houses.
House prices won't fall this winter, says David Mericle.

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The San Jose housing market is so competitive that a house with an 'inactive meth lab' is on the market for $1.55 million

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A street in San Jose, California, lined by houses.
San Jose, California.

Keith Lance

China's troubled property giant Country Garden has reportedly defaulted on a bond payment

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A residential building of Country Garden in Fuyang City, East China's Anhui Province.
A residential building of Country Garden in Fuyang City, East China's Anhui Province.

Costfoto/Getty Images

Buying a home has become way too complicated

Tech Insider : Economy
Among a tangle of jungle plants and vines, a lane of houses appears, with eager real estate agents stand in front of the doorways. And the lane narrows, the horizons depicts the houses fragmenting, a lone orange house surviving in the large expanse of a starry night sky.
Two decades after companies like Zillow and Trulia revolutionized home search, the rest of the process remains pretty much the same.
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