Home prices could dip in 22 U.S. cities next year, report says. See where.
A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
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A new report from Realtor.com projects that the housing market will shift in a more buyer-friendly direction in 2026.
Concerns about a weakening labor market may outweigh worries about rising inflation, tipping the Fed toward another rate cut, economists say.
The Federal Reserve announced Wednesday to cut base interest rates by a quarter percentage point bringing 4.25%. It's the first cut we've seen in nine months and that could have an impact on consumer interest rates for credit card debt, car loans and mortgage rates. CBS News has this report.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The Federal Reserve's September meeting this week is taking place amid the Trump administration's push for the agency to lower interest rates.
The Trump administration wants an appeals court to lift a ruling that blocked President Trump from firing Federal Reserve Governor Lisa Cook before an interest rate meeting next week.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
The Fed is maintaining its benchmark interest rate in the range of 4.25% to 4.5%, where it's been parked since December.
The Federal Reserve said Wednesday it will maintain the benchmark interest rate at its current range of 4.25% to 4.5%
The CFPB is suing Capital One for allegedly misleading consumers about its offerings for high-interest savings accounts.
The Federal Reserve on Wednesday moved to lower its benchmark rate by 0.25 percentage points, but said it plans fewer cuts in 2025.
The Federal Reserve announced a third rate cut today, but also cautioned it expects fewer cuts in 2025.
The Federal Reserve said it is cutting rates by 0.25 percentage points, its second rate cut of the year.
The Federal Reserve announced its second interest rate cut of 2024, but Trump's economic priorities could impact future policy.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The Fed has slashed borrowing costs for the first time in more than four years. Here's how that would impact people with credit card balances.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Federal Reserve Chair Powell, speaking at a conference in Jackson Hole, Wyoming, said the timing and pace of rate cuts will depend on economic data.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The Federal Reserve marked its first rate decision of 2024 by keeping its benchmark interest rate unchanged.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
U.S. economy continues to plow ahead, as holiday shoppers shell out more on gifts this year than predicted.
In its last rate decision of 2023, the central bank said it is holding its benchmark rate steady amid cooling inflation.
At certain temperatures and especially with wind chill, health experts said it can take minutes for frostbite or hypothermia to set in.
With Southeast Michigan experiencing a mix of snow and frigid temperatures, drivers have to prepare themselves for what the road conditions could look like.
Dangerous cold air is likely to wrap up this week and kick off the weekend in Southeast Michigan.
Dr. Devon Hoover was found dead in the attic of his home in Detroit's Boston-Edison neighborhood in April 2023.
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
Dr. Devon Hoover was found dead in the attic of his home in Detroit's Boston-Edison neighborhood in April 2023.
Dangerous cold air is likely to wrap up this week and kick off the weekend in Southeast Michigan.
A nurse who is already under investigation over reported sexual assaults faces multiple charges in five new cases, Wayne County Prosecutor Kym Worthy said.
At certain temperatures and especially with wind chill, health experts said it can take minutes for frostbite or hypothermia to set in.
A 3-year-old Warren boy is getting hospital treatment in the aftermath of an accidental shooting, police say.
U.S. Secretary of Transportation Sean Duffy, who stopped at the Detroit Auto Show, claimed that efforts by the administration to reverse the Biden-era electric vehicle policies will make cars more affordable again, including rolling back fuel efficiency standards.
On average, drivers in the state are paying $2.96 per gallon for regular unleaded fuel.
The 2026 Detroit Auto Show opened to the public on Saturday. Some people at the show think the Trump administration is doing a good job of making cars more affordable. Others disagree.
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.
The James Beard Foundation has announced its 2026 semifinalist list, which includes chefs and venues from Michigan.
The 2026 Songwriters Hall of Fame inductees were revealed on "CBS Mornings" on Wednesday. See the full list.
Milford Independent Cinema has been a staple in its southeast Michigan community for decades.
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.
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
President Trump moved to fire Lisa Cook from the Federal Reserve Board of Governors last August. Courts have so far allowed her to continue serving in her role while litigation continues.
Ford is recalling roughly 119,000 vehicles because their engine block heaters have a defect that increases the risk of fire, the National Highway Traffic Safety Administration says.
A car wash chain beat out bigger employers such as Google and Nvidia to take the top spot as the best place to work in 2026.
As intense debate continues throughout the country regarding the U.S. Immigration and Customs Enforcement, some Metro Detroit communities are informing each other about what to do if they interact with ICE agents.
At certain temperatures and especially with wind chill, health experts said it can take minutes for frostbite or hypothermia to set in.
Officials in Oakland County, Michigan, say they will establish a committee in an effort to strengthen long-term water safety after Legionella bacteria were detected at two different area facilities last month.
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.
Tobias Harris scored 25 points and Jaylen Brown missed a jumper just before the buzzer, allowing the Detroit Pistons to hold on for a 104-103 win over the Boston Celtics in a matchup of teams with the best records in the Eastern Conference.
With Cooper Schoenberg and Carter Lutz's respective schools, Indiana and Miami, playing on Monday for the College Football Playoff title, it is putting that bond to the test.
The Lions are set to hire Arizona Cardinals' offensive coordinator Drew Petzing as Detroit's next OC, a source told CBS Sports.
Alex DeBrincat scored 36 seconds into overtime to give the surging Detroit Red Wings a 4-3 win over the Ottawa Senators.
From being treated like "cattle" as a young girl to sleeping in her car off a Polish highway, Allison Reed has taken a long, hard road to follow her Olympic ice dance dream.
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.
A man charged in the April 2023 murder of prominent Detroit neurosurgeon Dr. Devon Hoover pleaded guilty Wednesday to second-degree murder.
At certain temperatures and especially with wind chill, one specialist in emergency medicine said it can take minutes for frostbite or hypothermia to set in.
When it comes to snow removal it’s all about timing. Road crews in Oakland and Wayne counties have more than 250 snow plows combined.
The Supreme Court appeared likely to allow Lisa Cook to keep her position on the Federal Reserve Board of Governors and reject President Trump's attempt to fire her for now.
President Trump said on Wednesday that he has "formed the framework of a future deal" concerning Greenland after meeting with NATO Secretary-General Mark Rutte.