Why mortgage rates are doomed to stay above 7% for the foreseeable future

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

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From more inventory to lower prices, here are 3 signs the housing market may be getting better for buyers

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buying home

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DumBro: Why every neighborhood in America seems to have an idiotic name

Tech Insider : Economy
City sign photo illustration.
Neighborhood rebrands like SoBro and SoWa were once oddities — now these two-syllable names are an epidemic.

Fine Art Photographic/Getty Images; Jenny Chang-Rodriguez/BI

A millennial couple bought an abandoned cottage for half the price of nearby houses. It's a major fixer-upper, but it's worth it.

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A photo of Greer Gagnier and Kyle Verma standing next to a for sale sign in front of their home (right) next to an exterior shot of the house during construction (left).
Greer Gagnier and Kyle Verma bought an abandoned fixer-upper in Rhode Island after two years of looking for a starter home.

Courtesy of Greer Gagnier

Inside 2 Texas cities where home prices are dropping, sellers are slashing asks, and buyers can get lowball offers accepted

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A man unloads a moving truck.
Homebuyers in Austin and New Braunfels are finding more success as sellers lower their prices.

Maskot/Getty Images

This US region is seeing the biggest rent declines as owners struggle to fill vacancies, Redfin says

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An aerial view of Austin, Texas.
Austin, Texas

Brandon Bell

China just unveiled the strongest remedies yet for its troubled housing market

Tech Insider : Economy, Economy
Apartments under construction in China
Apartments under construction in Wuhan, China.

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A modern home was built in a Washington, DC driveway. It's listed for $580,000. See inside.

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The exterior of a skinny home in Washington, DC.
This 10-foot-wide house in Washington, DC, is for sale for $581,903.

Courtesy of Jennifer Young.

A 10-foot-wide house was built 'out of spite' on a leftover piece of land in Florida and is selling for $619,000. See inside.

Tech Insider
The exterior of a skinny house.
This 10-foot-wide house in Jacksonville Beach, Florida is on the market for $619,000.

Open House Optics

US home prices have soared 47% so far this decade, outpacing all of the growth seen in the 1990s and 2010s

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Home sold

Mike Blake/Reuters

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