A majority of people still believe in the American dream of owning a home, a new survey shows, as long as mortgage rates fall enough to make the math work. With mortgage rates back over 7%, home-buying demand fell in the latest week, as buyers found it increasingly difficult to afford to purchase a home. Home prices also hit a record high, as buyers nationwide faced low inventory of homes for sale, driven by a lack of interest among existing homeowners to sell and give up their ultra-low...

Sen. Rand Paul (R-KY) this week unveiled his plan to fix the student debt crisis by allowing borrowers to dip into their retirement accounts to pay off education loans and expenses. But experts say the effort is misguided and, at worst, detrimental to Americans’ future security. “It’s not like Americans are flush with retirement savings where they have money to spare to repay student debt,” Greg McBride, Bankrate’s chief financial analyst, told Yahoo Finance. “Taking withdrawals from...

This post has been updated. Forever 21 is filing for bankruptcy, according to The New York Times. F21 will join the ranks of other retailers from Sears (SHLDQ) to Toys ‘R’ Us that have experienced a similar fate. “There are some principles to success in retail and in marketing in general, and … if you fall out a line on those principles, you end up paying a big price,” Roger Beahm, executive director of the Center for Retail Innovation at Wake Forest University, told Yahoo Finance. “And I...

The world’s first Hyperloop is likely to be built in India and construction will start at the end of next year, Virgin Hyperloop One CEO Jay Walder told Yahoo Finance. “One of the big projects that we've been working on right now is in India — it's to build a route from Mumbai to Pune,“ Walder explained in an interview on the sidelines of a national roadshow in New York City. “That's about a [75-mile] route… the first phase of that project will be [7.5 miles]. … I think there’ll be shovels in...