Affording a home in the U.S. increasingly seems like an impossible dream
Millions of Americans are struggling to keep up with the rising rent, while buyers say the housing market is "nuts." What in the world is going on?
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Millions of Americans are struggling to keep up with the rising rent, while buyers say the housing market is "nuts." What in the world is going on?
New rules go into effect this weekend that will change the way homes are bought and sold across country. CBS News senior business and technology correspondent Jo Ling Kent tells us what this means for potential home buyers.
Americans will soon be able to negotiate how much they want to pay realtors in commission as part of a National Association of Realtors settlement with a nationwide group of homeowners. Medora Lee, a money and personal finance reporter with USA Today, joins CBS News with more details.
A larger stock of smaller homes could mean more budget-friendly options for buyers.
Across much of the U.S., owning a home now requires spending more for housing than experts generally recommend.
Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
Four major cities in California were included in a Chapman University study of housing affordability around the world.
As U.S. home prices remain stubbornly high and many parts of the nation are seeing more extreme weather, homeowner insurance premiums have spiked in response. Jo Ling Kent has more.
The average yearly cost of homeowners insurance, property taxes and utilities is up nearly $4,000 since 2020.
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
Home sales appear to have fallen in April, according to new data from the National Association of Realtors. CBS News business analyst Jill Schlesinger breaks down the current trends in the real estate market.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Raging inflation has also driven up property taxes, with homeowners in some states getting socked with double-digit increases.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
Consumer prices rose 0.4% from January to February, indicating inflation continues to be a hurdle in the U.S. economy. Gas and home prices contributed to the increase. CBS News' Jo Ling Kent breaks down the figures.
It's worth politely asking your agent to lower their commission fee. More than half of those who do so are successful.
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
New data from the Federal Housing Finance Agency shows prices for homes rose 6.5% over the last year. CBS News contributor Javier E. David has more on whether there will be any relief coming for prospective home buyers. He also discussed Macy's plans to close about 150 underperforming stores over the next three years.
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.
The Kennedy-era robin's egg blue that's currently on the planes is being updated to navy, red and gold.
The Colorado State Patrol says four people were killed in a crash on I-25 south of Pueblo involving at least 30 vehicles during what are being called "brownout" conditions with low visibility on Tuesday morning.
The "signal sniffer" being used in the Nancy Guthrie investigation was mounted on a helicopter on Monday.
A group of 16 backcountry skiers was reportedly involved in the incident, the sheriff's office says. Ten remain unaccounted for.
The DNA profile was recovered from gloves found during the investigation into the disappearance of Nancy Guthrie in Arizona.
Police in Pawtucket, Rhode Island said they are still searching for motive following Monday's deadly mass shooting at a high school hockey game, but said it was an attack targeting family members.
Germany's Bayer has faced thousands of lawsuits after buying Roundup maker Monsanto in 2018 for $63 billion.
Juliette Bryant says not long after meeting Jeffrey Epstein, he assaulted her, and she realized, "this is not a modeling opportunity, I've been kidnapped."
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
The "signal sniffer" being used in the Nancy Guthrie investigation was mounted on a helicopter on Monday.
Alysa Liu, Amber Glenn and Isabeau Levito, collectively known as the "Blade Angels," began their Olympic medal campaigns in women's figure skating on Tuesday.
Team USA's Alysa Liu, Amber Glenn and Isabeau Levito competed in the women's short program at the Milan Cortina Olympics on Tuesday and qualified for the free skate on Thursday.
Tesla CEO Elon Musk has said the electric vehicle maker plans this year to greatly expand its self-driving taxi business.
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Tesla CEO Elon Musk has said the electric vehicle maker plans this year to greatly expand its self-driving taxi business.
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
More than half of jobs in manufacturing and transportation could be automated over the next 20 years, according to Oxford Economics.
Germany's Bayer has faced thousands of lawsuits after buying Roundup maker Monsanto in 2018 for $63 billion.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
An immigration judge has dismissed the Trump administration's deportation case against Mohsen Mahdawi, a Palestinian graduate student and Columbia protest leader.
President Trump and Maryland Gov. Wes Moore are feuding over who's responsible for addressing one of the largest sewage spills in U.S. history.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
U.S. Capitol Police that the individual was in custody and that there did not appear to be other suspects or an ongoing threat.
The Kennedy-era robin's egg blue that's currently on the planes is being updated to navy, red and gold.
Rosabella-brand moringa capsules could be linked to Salmonella cases in seven U.S. states, health officials said.
Twenty one states in the U.S. have confirmed cases of measles.
The Trump administration's new discounted drug platform, TrumpRx, isn't a game-changer for consumers, health care experts said.
The Food and Drug Administration is refusing to consider Moderna's application for a new flu vaccine made with mRNA technology, the company said.
CBS News medical contributor Dr. Céline Gounder said the results of the study on coffee drinkers having lower risk of dementia should be taken "with a massive grain of salt."
Belgian authorities call the U.S. ambassador's intervention in the case of three Jewish religious figures "dangerous disinformation."
Juliette Bryant says not long after meeting Jeffrey Epstein, he assaulted her, and she realized, "this is not a modeling opportunity, I've been kidnapped."
Iran and the U.S. traded threats and warnings even as negotiators sat down to discuss a deal to avert a war, but Tehran says "we now have a clearer path ahead."
The U.S. is brokering a 3rd round of Russia-Ukraine talks, but there's little hope of a breakthrough to end the deadliest war on European soil in 80 years.
Elana Meyers Taylor has won her first Olympic gold in women's monobob, and she made history as the oldest American woman to do it at the Winter Games.
"The Late Show" host Stephen Colbert criticized CBS on Monday night, saying the network blocked his interview with U.S. Senate hopeful James Talarico from airing.
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Oscar-winning actor Robert Duvall died on Sunday at the age of 95. Duvall starred in classics like "The Godfather" and "Apocalypse Now." Vladimir Duthiers looks back at his career.
Robert Duvall, known for his roles in "The Godfather," "Apocalypse Now" and more, has died at 95, his wife announced in a social media post Monday. CBS News correspondent Shanelle Kaul has more.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
Investigators in Nancy Guthrie's disappearance are using a device called a "signal sniffer" to try to detect transmissions from her pacemaker. David Kennedy, former NSA hacker and inventor of the pacemaker signal detector, joins CBS News to discuss his work with law enforcement in the search.
Matt Shumer joins "CBS Mornings" to discuss his now viral article, "Something Big Is Happening." He writes that AI's "capability for massive disruption could be here by the end of this year." Shumer explains why he wrote the article, and his message to concerned readers.
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.
If you've been on social media this week, you've likely seen an ominous warning about artificial intelligence in your feed: "Something big is happening." An essay from the CEO of an AI company, Matt Shumer, likens the current moment to February 2020, right before the start of COVID. Nate Soares, co-author of "If Anyone Builds It, Everyone Dies," joins to discuss.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
The "signal sniffer" being used in the Nancy Guthrie investigation was mounted on a helicopter on Monday.
State lawmakers in New Mexico have launched an investigation into a ranch once owned by convicted sex offender Jeffrey Epstein. CBS News correspondent Ian Lee reports.
DNA tested from gloves found near the home of Nancy Guthrie did not come back with a match from inside the house or the national database, the Pima County Sheriff's Department confirmed. CBS News reporter Andres Gutierrez has the latest.
Survivors of the 2024 Apalachee High School shooting took to the stand Tuesday in the trial of Colin Gray, the father of the suspected gunman, who is accused of buying the gun and ammunition allegedly used during the attack. CBS News correspondent Skyler Henry reports.
Officials on Tuesday gave an update on Monday's shooting at a high school hockey game in Rhode Island. At least two people died; the suspect is also dead, officials say.
The Crew 12 docking came one month after a previous crew had to return to Earth early due to a medical issue.
NASA and SpaceX launched a new mission to the International Space Station with four crew members on board to replace the team that returned last month due to a medical issue with one member. Mark Strassmann has more.
The two-woman, two-man crew is replacing four other station fliers who came home early last month due to a medical issue one was having.
NASA and SpaceX say they have completed their final reviews and are ready to launch a crewed mission to the International Space Station on Friday. Retired NASA astronaut Leroy Chiao joins "The Daily Report" to discuss.
A United Launch Alliance Vulcan rocket carrying classified Space Force payloads suffered a booster problem but apparently made an otherwise "nominal" ascent to space, the company said.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Crews are working to rescue a group of 16 skiers who encountered an avalanche Tuesday in California. Ten of those skiers are unaccounted for while six are awaiting rescue.
State lawmakers in New Mexico have launched an investigation into a ranch once owned by convicted sex offender Jeffrey Epstein. CBS News correspondent Ian Lee reports.
A frowning stuffed horse has sold by the tens of thousands in China, garnering hundreds of millions of mentions on Chinese social media. Tony Dokoupil has more on its symbolism.
U.S. and Iranian negotiators say there's been progress in their nuclear talks, even as the U.S. assembles a massive naval force in the region and Iran launches military exercises nearby. Imtiaz Tyab has details.
Apalachee High School students took the stand as part of the trial of Colin Gray, the father of a teen investigators say killed two teachers and two students and wounded others during a 2024 school shooting in Georgia. Skyler Henry has details.