Home buyers are backing out of deals at the highest rate in a year as surging mortgage rates slam the housing market

Tech Insider
Rows of suburban homes in Ocala, Florida
Ocala, Florida

Michael Warren/Getty Images

Home sales have plummeted to their lowest in 13 years as 8% mortgage rates batter the housing market

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Mortgage home sales
Sky-high mortgage rates keep battering the US housing market, with the 30-year fixed mortgage clocking in at 8% this week.

Lucas Jackson/Reuters

Housing market competition cools off, opening up more inventory and slowing down prices

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Seattle houses
ADUs are popping up in Seattle backyards like these.

MarkHatfield/Getty Images

A government shutdown would impact 1,300 home sales each day as insurance program expires

Tech Insider : Economy
A for sale sign.
A for sale sign.

Feverpitched/Getty Images

Dow drops 388 points as US stocks suffer worst loss since March on weak economic data

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nyse trader hand on face
A trader at the New York Stock Exchange puts his hand on his face in September 2008.

Richard Drew/AP

CHART OF THE DAY: The housing market's post-pandemic sales rebound has been wiped out by high mortgage rates

Tech Insider : Economy
Existing home sales

National Association of Realtors

America's housing market is so tight that even Wall Street giants can't find homes to buy

Tech Insider
for sale sign flag america home

REUTERS/Jonathan Ernst

The US housing market is headed for the largest sales slowdown since 2011, Fannie Mae says

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A woman toting an umbrella passes Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque
Woman walks past Fannie Mae in Washington

Thomson Reuters

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

Tech Insider
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.

UCG / Getty Contributor

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