The 30-year mortgage rate hits a new 23-year high, pushing closer to 8%

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home for sale

Justin Sullivan/Getty

Americans now need to earn a record $115,000 to afford a typical home - up more than 50% since the pandemic

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Income required for median US home
Income required for median US home

Redfin

CHART OF THE DAY: Here's the simple reason why home prices won't fall anytime soon

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Home prices

LPL Financial

Why the housing market sucks for both buyers and sellers

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An overview of an American neighborhood.
Experts predict the current housing market freeze will continue.

Getty Images

We moved to Austin for the tech jobs, but finding a home was defeating. We kept getting outbid by people making cash offers sight-unseen.

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A headshot of a woman sitting in front of a laptop.
Sarah Hollingsworth relocated from San Antonio, Texas, to Austin in 2019.

Samantha J Photography

Housing has never been this unaffordable - and home prices are only going to keep rising, Goldman Sachs says

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An above shot of houses, yards, and streets.
US house prices will carry on rising despite record-low affordability levels, according to Goldman Sachs.

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The top 10 states people are flocking to

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Two people fly fishing in a creek.
Silver Creek, Idaho.

Karl Weatherly/Getty Images

Homebuyer demand has crashed to its lowest level in almost a year as mortgage applications hover near a 3-decade low

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Rows of suburban homes in Ocala, Florida
Ocala, Florida

Michael Warren/Getty Images

This chart shows how housing affordability has plunged across the US

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Home affordability has plunged in the US
Home affordability has plunged in the US since 2019

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Home foreclosures are at their highest level since the start of the pandemic as the 'financial aftermath' take a toll on buyers

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A home foreclosure sign.
A home foreclosure sign.

Reuters

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