More than 75% of homes across the U.S. are unaffordable, study finds
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
Watch CBS News
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
The need for affordable housing continues to be a top priority for Detroit residents.
A new duplex and townhome project in Harper Woods will give priority to essential workers like teachers and first responders.
Unable to find buyers, a growing number of sellers are pulling their homes off the market rather than compromise on price.
U.S. home prices are dropping the most in the South and West, according to a new report from Realtor.com.
The company is now transformed into a modular home manufacturing company that builds entire apartments inside its building.
A decade of transformation has culminated in the completion of City Modern, a massive redevelopment effort in Detroit's historic Brush Park neighborhood, blocks from downtown.
The city of Detroit is breaking ground on more affordable homes, this time in the city's historic Island View neighborhood. Preston Homes will be on the long vacant site of the former Detroit Eastern High School.
The Westwood South development in Pontiac provides 72 new apartments with the support of public-private partnership financing.
Buying your first home is a key to building wealth in the U.S. Yet stepping onto the property ladder is a vanishing dream for many Americans.
Arbor One can no longer collect rent from tenants in condemned units and must return rent and security deposits from those who chose to move out.
The Orchard Village Apartments, a brand-new 48-unit affordable housing complex, is officially complete.
Michigan Lt. Gov. Garlin Gilchrist announced up to $110 million in funding to train the state's next generation of infrastructure workers.
Since the pandemic, the monthly rent for a typical apartment around the U.S. has surged almost 30% to $1,858, Zillow data shows.
What used to be an empty lot is now setting the standard for meeting people where they're at when it comes to housing.
Avalon Housing says it received roughly 7,000 applications for 20 affordable housing units at its Groves at Viridian complex.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
The Vester Housing Project was approved two years ago. The development itself is not a problem for most business owners in the area. The major issue for them is the lack of parking it will create once built.
Amid unrelentingly high rents, as many as 223,000 affordable housing units could disappear in next five years.
Detroit Mayor Mike Duggan announced a new proposal that would accelerate the construction of affordable housing in the city.
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?
A former school and training center in Oakland County that has been vacant for nearly 12 years will soon be transformed into a multi-million-dollar townhome community.
On Thursday, city and housing leaders broke ground on a brand-new development in North Corktown.
The Dr. Violet T. Lewis Village apartments will be located on the former Lewis College of Business, Michigan's only historically black college and university.
Southfield police say their investigation into a fatal shooting at the Bloom Lounge is over, adding that a security guard who fatally shot a woman will not be charged.
Two Flint men were charged after one allegedly shot the other during an altercation inside a restroom on Mott Community College's campus.
Dylan Larkin scored the go-ahead goal early in the third period and the surging Detroit Red Wings beat the San Jose Sharks 4-2.
Whitmer is expected to discuss her time in office and her proposals on creating jobs, lowering costs, continuing investments in education and literacy and building housing.
Former EMU players Jalen Terry and Da'Sean Nelson and current player Carlos Hart were among the 26 people indicted this week
Temperatures drop Saturday and Sunday with a few more chances for snow.
Southfield police say their investigation into a fatal shooting at the Bloom Lounge is over, adding that a security guard who fatally shot a woman will not be charged.
Former EMU players Jalen Terry and Da'Sean Nelson and current player Carlos Hart were among the 26 people indicted this week
Two Flint men were charged after one allegedly shot the other during an altercation inside a restroom on Mott Community College's campus.
Dylan Larkin scored the go-ahead goal early in the third period and the surging Detroit Red Wings beat the San Jose Sharks 4-2.
The Detroit Auto Show's Charity Preview is Friday night, and CBS News Detroit is taking you there.
The North American International Auto Show in Detroit once dedicated an entire track on its coveted show floor to getting consumers comfortable with electric vehicles and charging.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
UAW Vice President Laura Dickerson confirmed that the worker is suspended with pay while Ford and the UAW discuss next steps.
In a tale of two speeches, Michigan Gov. Gretchen Whitmer has offered a rebuttal to President Trump's defense of his tariff policies, made just days before by the president in Detroit.
In a video provided to TMZ on Tuesday, Timothy Busfield said the allegations "are all lies."
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
Dylan Larkin scored the go-ahead goal early in the third period and the surging Detroit Red Wings beat the San Jose Sharks 4-2.
As obesity rates among Americans drop and weight loss drugs lead to a slimmer society, airlines could save on fuel costs, according to a recent analysis.
Curtis International is recalling an additional 330,000 Frigidaire-brand minifridges to an existing recall after reports of the product catching fire.
A new tax deduction for senior citizens is kicking in this tax season, potentially providing bigger refunds to millions, the AARP says.
William J. Brock fatally shot the driver after wrongly assuming she was in on a plot to get $12,000 in supposed bond money for a relative, authorities said.
While the termination of these substance abuse and mental health service funds is now reversed, the 48-hour rollercoaster is creating uncertainty and distrust from organizations relying on those dollars.
The U.S. House of Representatives approved Thursday a three-year extension of subsidies for the Affordable Care Act.
Michigan health officials say only 23% of Michigan residents have received this year's influenza vaccine.
The CDC took six previously routine vaccinations off its recommendation list, but Michigan health officials suggest parents consider those immunizations anyway.
Eligible Detroit families will receive $1,500 during pregnancy, along with $500 per month for six months, for a total of $4,500 through Rx Kids.
Dylan Larkin scored the go-ahead goal early in the third period and the surging Detroit Red Wings beat the San Jose Sharks 4-2.
Former EMU players Jalen Terry and Da'Sean Nelson and current player Carlos Hart were among the 26 people indicted this week
A termination letter sent to ex-University of Michigan football head coach Sherrone Moore details the university's findings that resulted in Moore's firing last month.
Authorities said the alleged scheme involved 39 players, 17 different NCAA Division I men's basketball teams and 29 games.
Jeremy Swayman stopped 24 shots for his first shutout of the season, and the Boston Bruins beat the Detroit Red Wings 3-0 on Tuesday night.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
The focus is on health, as Dusty Mysen, a father of four from Oxford, diagnosed with pancreatic cancer several years ago, who underwent aggressive therapy, is now cancer-free five years later.
The roundtable discusses efforts by political and corporate leaders to raise the bar and improve K-12 education with a focus on raising reading scores.
With one in eight adults at risk for kidney disease, Dr. Silas Norman, a University of Michigan doctor specializing in kidney health, and Sandy Baruah, President and CEO of Detroit Regional Chamber, appear on Michigan Matters.
The Justice Department announced it is investigation Minnesota Gov. Tim Walz and Minneapolis Mayor Jacob Frey for allegedly conspiring to impede federal immigration agents.
To kick off the 2026 Detroit Auto Show, hundreds gathered downtown for the annual Charity Preview. The event benefits six organizations in the area.
Southfield police say their investigation into a fatal shooting at the Bloom Lounge is over, adding that a security guard who fatally shot a woman will not be charged.
The 2026 Detroit Auto Show kicked off its annual Charity Preview on Friday, Jan. 16.
Friday is the Detroit Auto Show's Charity Preview, and Mayor Mary Sheffield speaks one-on-one with CBS Detroit's Lauren Winfrey about the meaning behind the event and what the auto industry means to the city of Detroit.