The housing market is stuck: Americans can't afford homes, investors aren't buying property, and economists see little relief ahead

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The housing market is stuck thanks to high prices, high mortgage rates, and low inventory.
The housing market is stuck thanks to high prices, high mortgage rates, and low inventory.

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China's property crisis deepens with 87% value wipeout in developers' dollar bonds

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Yonghe Lamasery is seen in a sandstorm at night on April 10, 2023 in Beijing, China.

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The housing market's inventory crunch deepens as listings fall for the 4th straight month in August

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An above shot of houses, yards, and streets.
US housing market

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The Chinese property market may look like it's imploding. But one expert doesn't think it'll cause a financial crisis — and there may even be a bright spot.

Tech Insider : Economy
Aerial photo taken on August 29, 2023, 2019 shows the Evergrande Yuelongtai residential complex in Longgang District, Nanning City, Guangxi Zhuang Autonomous region.
China's property market is in a crisis.

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China Evergrande crashes 87% to become a penny stock as the former $50 billion real estate giant reveals more steep losses

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China property Evergrande
China's property sector is central to its economy.

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China Evergrande, the world's most heavily indebted property developer, just filed for Chapter 15 bankruptcy protection

Tech Insider : Economy
Evergrande
The logo of Evergrande Real Estate on a crane in Hangzhou, east China's Zhejiang Province.

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The housing market is at 'rock bottom,' says Redfin's CEO, as high rates and prices take their toll

Tech Insider : Economy
Redfin CEO Glenn Kelman
The housing market is at "rock bottom," said Redfin's Glenn Kelman.

Redfin

Angry investors protested outside a Chinese shadow bank that missed payments. The rare public show of dissent point to serious trouble in China amid debt and housing distress.

Tech Insider : Economy
A residential building of Country Garden in Fuyang City, East China's Anhui Province.
A debt and property crisis is brewing in China, the world's second-largest economy.

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A key Chinese shadow bank has missed payments on dozens of investments, and it shows just how bad things are in the world's second-largest economy

Tech Insider : Economy
Chinese real estate
China is mired in a real-estate crisis.

China Photos/Getty Images

Struggling property developer Country Garden's shares hit record low after suspending bond trading amid a severe cash crunch

Tech Insider
Aerial shot showing rows of abandoned luxury villas in Shenyang, China, March 31, 2023.
Rows of abandoned luxury villas in Shenyang, China, March 31, 2023.

Jade Gao/AFP via Getty Images

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