A US recession looks more and more unavoidable as key parts of the economy slow to a crawl

Tech Insider

Howdy, readers. Phil Rosen here, reporting from New York City. 

For many months now, I've been having conversations and writing about economic indicators that all point to a recession. 

But it still hasn't officially happened yet, at least according to the secretive, little-known group that's responsible for declaring them. They've stayed mum even as the economy goes haywire.

Homebuyers hoping for better deals as prices drop are getting slammed as average payments just hit a record high

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A house with a for sale sign in the front.
The typical US homebuyer's mortgage payment hit a record high in April, according to Redfin.

Tom Merton/Getty Images

I increased a property's value by $78,000 with DIY renovations that cost under $2,000. See the before-and-after pictures, plus how I stayed on budget.

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A London apartment before and after renovations.
Bethan Juliff scoured second hand websites like Gumtree to find low-cost furniture and appliances.

Bethan Juliff

People can now buy and sell real estate with crypto on what's being billed as the first US bitcoin property marketplace

Tech Insider : Crypto
A row of newly-built houses in a residential subdivision.
Tricon Residential is slowing purchases in the face of higher interest rates. But it's also waiting for opportunities to buy larger portfolios at discounted prices, its CEO, Gary Berman, said.

pbk-pg/Getty Images

The housing market is close to bottoming and that will help the US avoid a bad recession, Morgan Stanley says

Tech Insider : Economy
Children ride scooters past 'open house' flags displayed outside a single family home in Los Angeles, California.
Children ride scooters past 'open house' flags displayed outside a single family home in Los Angeles, California.

Allison Dinner/Getty Images

US house prices might slump 10% over the next 2 years as higher mortgage costs bite, Moody's economist says

Tech Insider
A realtor sign advertises that the price of a house has been reduced
US house prices are under pressure from higher mortgage rates and other factors.

David McNew/Getty Images

Markets are ignoring recession signals because a downturn might actually ease a handful of problems facing stocks

Tech Insider

Phew! Hey readers — I'm Phil Rosen. I'm still in shock after last night's episode of Succession — no spoilers, but dang(!). Talk about drama. 

Today we're diving into how a recession could affect the stock market — and why it may not be all bad in the eyes of investors.

The commercial real estate market is wobbling, and 2 of the largest players are feeling the pain of higher rates and tighter credit

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puerto rico
A billboard announces office space and parking for sale in San Juan, August 31, 2013.

REUTERS/Alvin Baez

I left a high-rise apartment to live in a van. It's not that much cheaper, but I've saved $70,000 over 3 years and won't ever go back to a traditional home.

Tech Insider : Travel
Nate in her van.
A personal assistant who goes by Nate moved out of her Washington, DC, apartment in 2020 to live in a van.

Courtesy of @MotherNATEur.

The housing market’s still in limbo - but homebuyers could pile back into the market if mortgage rates hit this key level

Tech Insider

This week has felt like a month. Senior reporter Phil Rosen here. 

It's Friday and the coffee's just brewed — let's get straight to the news. 

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