Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
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.
Homes in the most expensive ZIP codes cost almost 200 times more than the cheapest on a square-foot basis, a new analysis finds.
As housing prices continue to rise, new data highlights how hard it can be to afford a home in some parts of the U.S.
Will mortgage rates drop and home prices finally fall in 2024? Chen Zhao, who leads the economics team at Redfin, shares some early predictions for the housing market in 2024.
Los Angeles is home to about 46,000 people who are considered homeless, but Mayor Karen Bass is working to change that.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
There is a disconnect in most U.S. markets of how much money people are earning, and how much it would cost to buy a home. CBS MoneyWatch associate managing editor Aimee Picchi joins CBS News with data on how much houses cost in major cities around the country.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
Deciding on an adjustable-rate mortgage boils down to how long you plan to own a property and if your income is stable.
"Home has not been cleared of contamination and will be transferred to the new buyer in its current state," the listing says.
A rising number of couples are using their wedding registry to ask for down payment donations, according to The Knot.
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.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Jared Bernstein, Council of Economic Advisers chairman, joins CBS News' chief election & campaign correspondent Robert Costa to discuss President Biden's new economic plan, which Mr. Biden unveiled Wednesday in Chicago.
After topping out last year at nearly $1,800 per month, rent is finally starting to ease, new data shows.
Homes with rooms painted in dark, dusky shades commanded higher bids than those with lighter interiors, Zillow report finds.
Even though home prices are dropping, there are more buyers than available homes. CBS News' Carter Evans spoke with buyers in Northern California, where homes are still among the most expensive in the country.
Shortage of properties and high housing costs can make it hard for middle-income Americans to become homeowners.
Home buyers in many U.S. coastal areas are advised to prepare to settle, bring cash offers and close quickly.
According to Redfin, the median home sale price in April was down roughly 4% from last year. That's a decline of nearly $18,000. This follows record-high prices during the pandemic. James Rodriguez, a senior real estate reporter at Insider, joins CBS News to discuss.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
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.
Home values in Seattle fell 7.5% last month but rose 8.3% in Buffalo, New York, a new report shows.
Former President Donald Trump tried to seize on the "garbage" comments at a truck in Wisconsin while Vice President Harris will have a campaign event with J.Lo in Las Vegas.
As the Nov. 5 election draws near, the Supreme Court has been asked to intervene in a growing number of disputes.
Floods sparked by torrential rain in Spain's Valencia region have left at least 158 people dead and others missing amid mud-caked debris.
A United Airlines passenger attacked a man midflight, punching him repeatedly in the face until it was bloody, authorities said.
Former President Donald Trump said that his advisers deemed the line about protecting women "inappropriate."
North Korea launched a new, perhaps more agile ICBM in its first test in almost a year of a weapon designed to threaten the U.S. mainland, days ahead of the U.S. election.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
Dustin Kjersem was found dead by a friend who reported he appeared to have been killed by a bear. An autopsy later showed Kjersem sustained "multiple chop wounds."
A Virginia jury has acquitted the man at the center of a case that helped trigger major changes inside the Central Intelligence Agency for its handling of sexual assault allegations.
Some voters may wish to only vote in some races. Here's what happens if you leave fields blank.
Ford is temporarily halting production of its F-150 Lightning electric pickup truck as motorists cool on EVs.
Walz recorded the interview with Colbert Thursday in Bucks County, Pennsylvania, underscoring the Harris campaign's focus on the battleground state in the 2024 election.
A grand jury in Nevada has again indicted Nathan Chasing Horse on charges that he sexually abused Indigenous women and girls for decades.
Starbucks to bring back ceramic mugs and messages written in Sharpie pens to revive a coffeehouse vibe at its nearly 40,000 stores.
Ford is temporarily halting production of its F-150 Lightning electric pickup truck as motorists cool on EVs.
Starbucks to bring back ceramic mugs and messages written in Sharpie pens to revive a coffeehouse vibe at its nearly 40,000 stores.
The settlement stems from allegations Credit Karma misled consumers into applying for credit offers.
Trump Media & Technology Group's stock, which trades under DJT, is plunging just days before the November 5 election.
The personal consumption expenditures (PCE) price index eased to a 2.1% annual rate in September, close to the Fed's target.
Some voters may wish to only vote in some races. Here's what happens if you leave fields blank.
As the Nov. 5 election draws near, the Supreme Court has been asked to intervene in a growing number of disputes.
Walz recorded the interview with Colbert Thursday in Bucks County, Pennsylvania, underscoring the Harris campaign's focus on the battleground state in the 2024 election.
Trump Media & Technology Group's stock, which trades under DJT, is plunging just days before the November 5 election.
Jotaka Eaddy founded"Win With Black Women," a virtual network that started meeting by Zoom every Sunday during the pandemic to support and advance the policy agenda of Black women.
The manufacturer of tumblers sold at Wawa stores says it has received four reports of cuts from the product's metal drinking straws.
The future of Medicare continues to come up in the closing arguments from both Kamala Harris and Donald Trump ahead of Election Day 2024.
Americans are getting dental implants more than ever — and at costs reaching tens of thousands of dollars. Experts worry some dentists have lost sight of the soul of dentistry: preserving and fixing teeth.
Teens getting more hours of daily screen time are reporting increased levels of anxiety and depression symptoms, according to new data. But technology isn't always all bad, an expert explains.
Therapist Lori Gottlieb and Oprah Daily's Pilar Guzmán join "CBS Mornings" to discuss the pressures women face managing life's demands.
The remains of the town, dubbed al-Natah, reveal how life at the time was slowly changing from a nomadic to an urban existence, archaeologists said.
Israel's wars with Iran's allies in Lebanon and Gaza grind on as top U.S. envoys visit the region to push for cease-fires.
Floods sparked by torrential rain in Spain's Valencia region have left at least 158 people dead and others missing amid mud-caked debris.
NASA confirmed its sun-observing spacecraft captured the moment when the comet Atlas broke into chunks this week as it passed close to the sun.
Hours after gunmen killed a journalist who had just interviewed a mayor, an entertainment reporter was killed inside a restaurant she owned.
Rapper Young Thug, whose given name is Jeffery Williams, pleaded guilty Thursday to gang, drug and gun charges.
Charli XCX has been tapped to work a double shift on "Saturday Night Live" next month — playing host and musical guest in the same evening.
The lawsuit claims popular content creator Milagro Gramz caused Megan Thee Stallion emotional distress by cyberstalking and questioning if the Grammy winner was actually shot.
Emmy-winning comedian JB Smoove, known for Curb Your Enthusiasm, is bringing his humor to "Buy It Now," a Prime Video game show where entrepreneurs have 90 seconds to pitch products to a live audience and celebrity panel. He joins "CBS Mornings Plus" to talk more about it.
Reuniting with "Forrest Gump" director Robert Zemeckis, Tom Hanks and Robin Wright star in "Here," a multigenerational story set in a single living room across decades. They join "CBS Mornings" to talk about the film.
Reddit's stock leaps nearly 40% after the social media company reported a quarterly profit amid strong user growth.
While scam phone calls have slightly decreased in the last three years, scam texts have tripled. A consumer report found that phone companies need to do more to prevent robocalls and texts for customers. CBS News correspondent Nancy Chen has more.
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.
The Washington Post is reporting that a group of hackers linked to the Chinese government collected audio recordings from phone calls of American political figures, including an unnamed Donald Trump campaign adviser. The report comes days after CBS News learned the same hacking group tried to access phones and networks used by the former president, Sen. JD Vance and members of Kamala Harris' campaign. Chris Krebs, former director of the Cybersecurity and Infrastructure Security Agency, joins CBS News with analysis.
These are the Apple Intelligence features that are now available on compatible devices.
A new report from the World Weather Attribution group has found that the 10 deadliest weather events of the last 20 years were intensified by manmade climate change. CBS News climate correspondent David Schecter has more.
Transportation is a lifeline, but experts say it's aging, underfunded and unable to withstand more frequent and intense extreme weather events. And if changes aren't made quickly, the EPA says the costs will be "steep," with hundreds of billions of dollars of damage every year.
Hurricane Helene is one of the deadliest hurricanes to make landfall in the mainland U.S. For many places across Florida, Tennessee and the Carolinas, recovery could take months or even years — and the next president will play a vital role in what that process looks like when they take office in three months. Here's what to know about Project 2025, former President Donald Trump's and Vice President Kamala Harris' stances on extreme weather, disaster recovery, and the root of the increasing frequency and power of storms — climate change.
Viral claims in the wake of Hurricane Helene suggested that the government controlled the devastating storm to hit certain areas and that authorities were attempting to seize Chimney Rock, North Carolina, to commandeer mining operations. These claims are false — but extreme weather does have a significant impact on U.S. mines, particularly coal mines. Here's what to know.
A new crew of three Chinese astronauts, including the country's only woman spaceflight engineer, entered the Tiangong space station following an early morning launch into orbit.
Rapper Young Thug, whose given name is Jeffery Williams, pleaded guilty Thursday to gang, drug and gun charges.
A United Airlines passenger attacked a man midflight, punching him repeatedly in the face until it was bloody, authorities said.
The sanctions come two years after a judge ordered La Linea to pay $4.6 billion to the families of nine Americans killed in a 2019 ambush in Mexico.
Dustin Kjersem was found dead by a friend who reported he appeared to have been killed by a bear. An autopsy later showed Kjersem sustained "multiple chop wounds."
Hours after gunmen killed a journalist who had just interviewed a mayor, an entertainment reporter was killed inside a restaurant she owned.
NASA confirmed its sun-observing spacecraft captured the moment when the comet Atlas broke into chunks this week as it passed close to the sun.
A Chinese spacecraft carrying a three-person crew, including the country's first female space engineer, has successfully docked with China's orbiting space station. The launch comes as Beijing works to expand its space exploration and put a person on the moon by 2030.
A new crew of three Chinese astronauts, including the country's only woman spaceflight engineer, entered the Tiangong space station following an early morning launch into orbit.
NASA says three NASA astronauts and one Russian cosmonaut were taken to a medical facility for additional evaluation after splashing down to Earth Friday morning in the SpaceX Dragon Capsule. Derrick Pitts, chief astronomer at the Franklin Institute, joined CBS News to discuss the mission.
Three NASA astronauts and a Russian cosmonaut returned to Earth early Friday in the SpaceX Crew Dragon capsule Endeavour, capping a record-setting 235-day mission to the International Space Station. CBS News space analyst Bill Harwood has more.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
In Wisconsin on Wednesday night, former President Donald Trump got behind the wheel of a garbage truck "in honor of Kamala and Joe Biden." He seized on the president's remark where he appeared to call the Republican's supporters "garbage," something the White House has denied. Political strategists Joel Payne and Lance Trover join "America Decides" to assess if the stunt could move the needle for Trump's campaign.
More than 60 million voters have cast their ballots early this year. So what do we know about this big slice of the electorate who've already made their decision? Partisan polling experts Tom Bonier and John Couvillion join "America Decides" to examine what the early voter numbers say about the state of the 2024 race.
Roy Cooper's eight-year tenure as the governor of North Carolina comes to an end in two months. Josh Stein, the Democratic candidate running to fill his shoes who currently serves as the state's attorney general, joins "America Decides" to discuss how the race is shaping up five days from Election Day.
More than 60 million people have already voted in the 2024 presidential race. CBS News deputy director of elections and data analytics Kabir Khanna is tracking the mountain of ballots cast in the battleground states so far and what it could mean for the eventual outcome.
Former President Donald Trump is facing criticism for a comment about women he made at a rally Wednesday night. "I'm going to do it whether the women like it or not. I'm going to protect them," Trump said. CBS News' Lilia Luciano and Nikole Killion have the latest on the backlash.