The federal government can do more about home costs than you think
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
A new study by the Brookings Institution examines the role immigration has played in allowing the U.S. job market to grow faster without stoking inflation. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joins CBS News to explain how migrants contribute to job growth and U.S. demand.
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
New data from the Labor Department shows inflation rose slightly to 3.4% in December. Morning Consult economist Sofia Baig joins CBS News to explain what's behind the numbers.
A new analysis of listings in 97 of the most populous U.S. metropolitan areas found that just 15.5% of homes for sale last year were affordable for the typical household.
Los Angeles is home to about 46,000 people who are considered homeless, but Mayor Karen Bass is working to change that.
The economy is the issue voters most care about when thinking ahead to the 2024 presidential elections, according to a CBS News poll. CBS News correspondent Lana Zak met with Georgia voters who are divided on the state of the economy.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
The nation's housing prices are seeing their first year-over-year decline since 2012. That decline, however, was not felt across the board. While prices fell in cities like Seattle, San Francisco and Las Vegas, home buyers in places like Miami, Chicago and Atlanta were asked to pay more. Wall Street Journal housing reporter Nicole Friedman joins CBS News to break down what's going on in the housing market.
Housing prices have made home ownership for many young LGBTQ+ Americans feel out of reach. But in Peoria, Illinois, the affordable housing and welcoming community have helped many buck that trend. Lilia Luciano has the story.
New data shows that U.S. home prices fell 0.2% in January, the seventh consecutive month prices have gone down. Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News's Errol Barnett and Lana Zak to discuss where prices are falling fastest and what to expect in the coming months, as the Federal Reserve may continue its interest rate hikes.
An estimated 60 million Americans live in households with two or more adult generations, according to numbers from the Pew Research Center.
New York City Mayor Eric Adams wants to convert underused office space into new housing. Dan Garodnick, the director of the New York City Department of City Planning and chair of the City Planning Commission, joined John Dickerson on "Prime Time" to discuss the mayor's plan.
The average rate on a 30-year fixed-rate mortgage now sits at 6.92%, the highest it has been since 2002.
A program organized more than 40 years ago by East Brooklyn churches helped build a community within a destitute neighborhood, and has since enabled hundreds of first-time homeowners to build equity - and hope for the future.
Treasury Secretary Janet Yellen traveled to Michigan Thursday to promote President Biden's economic accomplishments. Mark Zandi, chief economist for Moody's Analytics, joins CBS News' John Dickerson to discuss the latest on the state of the economy.
School districts across the country are grappling with a teacher shortage -- and communities where housing is unaffordable are being hit the hardest. In "Eye on America," CBS News' Jonathan Vigliotti shows how one district is fighting the problem by providing low-cost housing.
The affordability crisis in housing has only gotten worse thanks to rising mortgage rates. As a part of our series "MoneyWatch: The Uncertain Economy," CBS News correspondents Errol Barnett and Tanya Rivero break down the relationship between mortgage rates and inflation.
Rising rent prices have sparked housing bidding wars among renters who struggle to find affordable housing. Carter Evans has more.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Unified Command crews will use a controlled explosive to demolish a massive span of the bridge that sits on top of the cargo ship.
Israel's battle against Hamas has forced nearly 360,000 people to flee from a city they were told only months ago to seek refuge in.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Sai Kandula acknowledged he had deliberately slammed into a security bollard in a failed attempt to seize power at the White House and install a dictatorship aligned with Nazi beliefs.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
A diver failed to resurface on Sunday after diving near a World War II-era shipwreck off the coast of Florida, officials said.
French Gates wrote in a post that she's moving onto "the next chapter" of her philanthropic work.
Keith Gill, the trader behind the GameStop meme stock frenzy of 2020, resurfaces roughly three years after hiatus with a post on X and YouTube.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Sai Kandula acknowledged he had deliberately slammed into a security bollard in a failed attempt to seize power at the White House and install a dictatorship aligned with Nazi beliefs.
A vote by the German automaker's Alabama workers to join the UAW would be a "milestone event," labor expert said.
Vice President Kamala Harris was participating in a conversation moderated by actor and comedian Jimmy O. Yang.
Everything costs $10 at so-called bin stores — even pricey electronics like TV sets, video game consoles and laptops.
A vote by the German automaker's Alabama workers to join the UAW would be a "milestone event," labor expert said.
Everything costs $10 at so-called bin stores — even pricey electronics like TV sets, video game consoles and laptops.
Keith Gill, the trader behind the GameStop meme stock frenzy of 2020, resurfaces roughly three years after hiatus with a post on X and YouTube.
French Gates wrote in a post that she's moving onto "the next chapter" of her philanthropic work.
Florida Gov. Ron DeSantis has attacked the "global elite's plan to force the world to eat meat grown in a petri dish."
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Sai Kandula acknowledged he had deliberately slammed into a security bollard in a failed attempt to seize power at the White House and install a dictatorship aligned with Nazi beliefs.
Vice President Kamala Harris was participating in a conversation moderated by actor and comedian Jimmy O. Yang.
Six tribes have banned South Dakota Gov. Kristi Noem over comments she made about tribal leaders benefitting from drug cartels.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Eighty-four million Americans had a mental disorder in 2022, while 34 million people had a substance use disorder. About 11 million people dealt with both, but many did not receive professional treatment, partially because of a persistent stigma leading to silence and shame around mental health problems. Michelle Miller reports on how former congressman Patrick J. Kennedy and author Stephen Fried are hoping to make change with their new book.
A Bay Area-based study finds that 80% of Asian American women with lung cancer never smoked and researchers are trying to figure out why.
Some states are cracking down on claims by anti-abortion rights organizations that offer "abortion pill reversal" treatment.
A collection of silver and gold coins unearthed in Poland may have belonged to notorious fraudster Anthony Jaczewicz.
Israel's battle against Hamas has forced nearly 360,000 people to flee from a city they were told only months ago to seek refuge in.
The Duke and Duchess of Sussex were warmly welcomed in Nigeria, where they wielded celebrity status even as former "working royals."
A team was deployed to search for the critically endangered cat after a man was found dead with wounds indicating a tiger attack.
Thousands of people in Georgia are worried about what they see as their government's effort to let the Caucasus nation "slowly become Russia."
In the 20 years after her elimination from "American Idol," Jennifer Hudson has gone on to EGOT winner and host of a successful talk show, which was renewed for a third season.
The Duke and Duchess of Sussex were warmly welcomed in Nigeria, where they wielded celebrity status even as former "working royals."
Writer, director, and actor John Krasinski declared his latest film, "IF," is his most personal project to date.
Harlan Coben is the author of over 30 suspense novels. He has over 80 million books in print worldwide. He is out with his next book called "Think Twice." Coben joins "CBS Mornings" to talk about what inspired writing "Think Twice" and why he decided to bring back his very popular character, Myron Bolitar.
EGOT winner Jennifer Hudson joins "CBS Mornings" to discuss the renewal of "The Jennifer Hudson Show" for a third season and its four Daytime Emmy nominations.
Researchers are investigating new ways to detect mental health problems through AI-powered apps by collecting data on people's behavior that could help determine shifts in mood in new ways. Dr. Nicholas Jacobson, an assistant professor in the departments of biomedical data science and psychiatry at Dartmouth, joined CBS News to discuss the possibilities.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. For designers, it's a constant and complex balance to get it just right.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. But designing things to do more can often lead to frustrated and unhappy customers. For designers, it's a constant and complex balance to get it just right. Correspondent David Pogue looks at how complicated lives – full of endless features – may be getting easier to navigate thanks to technology.
Apple's "Crush!" advertisement for the new iPad Pro features a myriad of artistic tools getting smashed in a large hydraulic press.
Wildfires are forcing thousands from their homes in Canada after burning more than 13,000 acres so far. Terry Cavaliere, emergency operations director for the Fort Nelson First Nation, joins CBS News with the latest.
Parts of the country saw the aurora borealis on Friday night, and the dazzling show was expected to continue on Saturday night, according to experts.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
All three victims were tortured and killed before their bodies were put into a 2010 Dodge Charger, authorities said.
Lorenzo Prendini allegedly tried to take about 1,500 samples out of the country, news outlets reported.
The town's mayor, Rafael Vargas, called the attack "a terrible violent act."
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
The 66-year-old suffered an eye injury but is expected to be OK. CBS New York's Ali Bauman reports.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The sunspot responsible for the odd series of strong solar flares is so big you can see it with your own eyes from Earth.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
Michael Cohen, a former attorney for Donald Trump who paid adult film star Stormy Daniels $130,000 in exchange for her silence about an alleged sexual encounter with Trump, is testifying at the former president's New York criminal trial Monday. CBS News' Graham Kates and Katrina Kaufman have the latest.
Wildfires are forcing thousands from their homes in Canada after burning more than 13,000 acres so far. Terry Cavaliere, emergency operations director for the Fort Nelson First Nation, joins CBS News with the latest.
The northern lights were visible to many across the world over the weekend. In the U.S., even communities in some southern states had a chance to see them. Robert Steenburgh, a space scientist with NOAA, joins CBS News with more.
Crews are hoping to detonate and break up debris parts of the Francis Scott Key Bridge that are still sitting on top of the Dali cargo ship. CBS News Baltimore's Mike Hellgren reports.
Former President Donald Trump says former U.S. Ambassador to the U.N. Nikki Haley is not being considered for his running mate in the 2024 presidential election. CBS News political reporter Zak Hudak reports.