The average homebuyer lost $71,000 in purchasing power over the last year as mortgage rates refuse to ease

Tech Insider
US house prices
The average 30-year fixed mortgage rate clocked in at 7.48% the last week, according to Mortgage News Daily.

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House prices won't fall – and could soar 15% when mortgage rates drop, says 'Shark Tank' investor Barbara Corcoran

Tech Insider : Economy
Barbara Corcoran
"Shark Tank" investor Barbara Corcoran.

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House prices won't fall – and could soar 15% when mortgage rates drop, says 'Shark Tank' investor Barbara Corcoran

Tech Insider : Economy
Barbara Corcoran
"Shark Tank" investor Barbara Corcoran.

Andrew Toth/Getty Images

Americans are applying for mortgages at the lowest rate in 28 years

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Arkansas
A row of homes in Bentonville, Arkansas.

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Housing is even more unaffordable than it was at the peak prior to the 2008 crisis, as mortgage rates touch 23-year highs

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home for sale

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A mild recession could actually be good for the housing market

Tech Insider
Home for sale

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Americans now need to spend 43% of their income to afford a home as mortgage rates surge to a 23-year high

Tech Insider : Economy, Economy
A new housing development in Waldorf, Maryland.
A new housing development in Waldorf, Maryland.

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