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.
A growing number of Americans, squeezed by inflation and elevated interest rates, face the risk of losing their home in foreclosure.
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.
Unable to find buyers, a growing number of sellers are pulling their homes off the market rather than compromise on price.
Extreme weather linked to climate change will likely lead to more Americans losing their homes as foreclosure rates rise, researchers predict.
Mortgage rates jumped higher on Monday following Moody's downgrade of U.S. debt, adding to the headwinds facing homebuyers.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
In a lawsuit filed this week in federal court, UWM and its CEO are accused of pressuring brokers to send their clients to UWM which in turn pushed homebuyers into expensive mortgages.
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.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
After 10 straight interest-rate hikes, borrowers face sharply higher costs for credit cards, mortgages and other loans.
A little-known surcharge set to change on May 1 could impact consumers in different ways.
Starting in May, some people with higher credit scores may actually end up paying a higher fee on their mortgage, while those with lower credit scores pay less.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Is the Obama administration failing the housing market? Maybe.
The benchmark conforming 30-year fixed mortgage rate dipped slightly from 4.24 percent to 4.23 percent, according to Bankrate.com's weekly national survey.
The National Weather Service has issued a slight risk forecast for severe weather on Tuesday in an area that includes Metro Detroit.
Two people escaped, but a third person has died, as a result of a house fire in Canton, Michigan.
Frustrations boiled over at Monday night's school board meeting in Pontiac as a consolidation plan to eventually close Owen, Kennedy, and Alcott elementary schools in the next few years passed.
Monday's severe weather caused damage across Metro Detroit, and resulted in some school closings for Tuesday in Macomb County.
José Ramírez homered and hit a two-run double on a 3-for-4 night, and the Cleveland Guardians beat the reeling Detroit Tigers 8-2.
The National Weather Service has issued a slight risk forecast for severe weather on Tuesday in an area that includes Metro Detroit.
Monday's severe weather caused damage across Metro Detroit, and resulted in some school closings for Tuesday in Macomb County.
Two people escaped, but a third person has died, as a result of a house fire in Canton, Michigan.
Frustrations boiled over at Monday night's school board meeting in Pontiac as a consolidation plan to eventually close Owen, Kennedy, and Alcott elementary schools in the next few years passed.
José Ramírez homered and hit a two-run double on a 3-for-4 night, and the Cleveland Guardians beat the reeling Detroit Tigers 8-2.
From classic cruisers to new memories still being made, the Woodward Dream Cruise remains a celebration of Michigan's automotive culture.
If you are planning a road trip for Memorial Day weekend, remember that the cost of gas this year is noticeably higher than last year.
Michigan is demanding repayment of $35 million from the American Center for Mobility, a key player in autonomous vehicle development.
A bipartisan bill introduced in Washington, D.C., by Michigan Congresswoman Debbie Dingell and Congressman John Moolenaar would prohibit the importation, manufacture or sale of Chinese cars in the United States.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
The three commemorative posters are designed by a featured artist representing one of the three distinct art fairs that come together as one.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
With summer not far behind, the city of Detroit is preparing for the highly anticipated 2026 Ford Fireworks next month.
Motown may be Detroit's most famous sound, but it's far from the only one.
Gene Simmons visited Detroit Rock City to celebrate the grand opening of a restaurant co-founded by him and his Kiss bandmate Paul Stanley.
José Ramírez homered and hit a two-run double on a 3-for-4 night, and the Cleveland Guardians beat the reeling Detroit Tigers 8-2.
Within hours after an attack on Monday at the Islamic Center of San Diego, Temple Israel in West Bloomfield Township, Michigan, is calling for funding to protect houses of worship after experiencing a similar incident.
Three people were killed in a shooting at the Islamic Center of San Diego, and two suspected shooters were found dead inside a vehicle nearby, police said.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
Officials say 21 cases were reported in the state, with 29% of those cases among children.
Michigan has $176 million in opioid settlement funds sitting unused in local government accounts.
Two Michigan health systems and Detroit Public Schools are getting $86.4 million in grants from the Federal Emergency Management Agency for costs that were needed to respond to the COVID-19 pandemic, the agency said.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
Teen tobacco use in Michigan is rising again, prompting calls for increased prevention spending.
José Ramírez homered and hit a two-run double on a 3-for-4 night, and the Cleveland Guardians beat the reeling Detroit Tigers 8-2.
Sunday's win at Aronimink Golf Club in Newtown Square, Pennsylvania, is only his second PGA tour victory, after winning the 2024 Wyndham Championship.
The Detroit Tigers were defeated by the Blue Jays 4-1 on Sunday after Toronto's Vladimir Guerrero Jr. homered and scored twice, and Kevin Gausman pitched six shutout innings.
A Michigan community college student will be the first female welder to represent the United States at a worldwide competition described as the Olympics of the skilled trades.
The Detroit Pistons and Cleveland Cavaliers will square off for Game 7 of their playoff series on Sunday night with a trip to the Eastern Conference finals on the line.
This week on Michigan Matters, the roundtable talks about the governor's race and the impact of former Detroit Mayor Mike Duggan.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
Monday's storms damaged trees and left power outages in parts of Southeast Michigan.
Monday's storms resulted in trees down and power outages in Macomb County. Pontiac school district will close three elementary buildings in a consolidation plan. Those headlines and other top stories are in the CBS Detroit news brief.
Tuesday will be another warm and humid day with a high of 88. This will increase the risk of severe thunderstorms during the afternoon and evening hours. The strongest storms could produce damaging winds, large hail, and isolated tornadoes.
Frustrations boiled over at Monday night's school board meeting in Pontiac as a consolidation plan to eventually close Owen, Kennedy, and Alcott elementary schools in the next few years passed.
Monday's severe weather caused damage and havoc across multiple communities in Metro Detroit.