The realities of the housing market in summer 2026
The housing market has stalled in much of the country, with the challenges including high prices and higher mortgage rates. CBS News has this report.
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The housing market has stalled in much of the country, with the challenges including high prices and higher mortgage rates. CBS News has this report.
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.
Police said they conducted undercover operations, resulting in the execution of a search warrant at the business.
Miguel Vargas homered twice, Tristan Peters and Munetaka Murakami went deep once each, and the Chicago White Sox beat the Detroit Tigers 9-5.
The Michigan Department of Health and Human Services says a human case of influenza A H1N2 swine flu was detected in a person who was a participant at the Kent County Youth Fair.
Authorities are investigating the killings of five people Friday in rural Northern Michigan, officials said. The suspect in the case was also found dead.
Detroit students are heading back to school in just over a week, and city and school leaders say they're working to remove some of the barriers that keep kids out of the classroom.
Authorities are investigating the killings of five people Friday in rural Northern Michigan, officials said. The suspect in the case was also found dead.
The Northville Township Police Department is searching for a man who is accused of being a "peeping Tom" earlier this week.
A West Bloomfield Township trustee appeared in court on Friday morning to face charges related to the discovery of secret cameras in two bedrooms.
City Council President Mike Sareini and Dearborn Police Chief Issa Shahin announced that the city council meeting on Aug. 18 will be held at a different location.
Ford says the reveal is intended to connect directly with the enthusiasts who have helped make the Woodward Dream Cruise one of the nation's premier automotive events.
General Motors says 350 workers will be laid off in January at its Lansing Grand River Assembly/Stamping and Lansing Regional Stamping sites.
Ford says the reveal is intended to connect directly with the enthusiasts who have helped make the Woodward Dream Cruise one of the nation's premier automotive events.
On average, drivers in the state are paying $4.15 per gallon for regular unleaded fuel.
Dodge unveiled the return of the Super Bee on Thursday during a media preview for Roadkill Nights Powered by Dodge at M1 Concourse in Pontiac.
As a special Goodyear Auto Service Center, the store will display the company's products, technology and heritage.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
It was another busy night in Ann Arbor as country singer Morgan Wallen took the stage on Saturday for his second concert in as many days at Michigan Stadium, better known as the Big House. Like any game day at the venue, there's a lot of foot traffic and first responders at every corner.
A group of young performers is taking the stage on Friday night to showcase their talents while celebrating Detroit's culture and history.
Paramount Skydance on Friday said it would delay the deal until as late as June 2027.
A major weekend in Ann Arbor as fans gear up to see country music star Morgan Wallen take over the University of Michigan Big House stadium on Friday and Saturday.
Miguel Vargas homered twice, Tristan Peters and Munetaka Murakami went deep once each, and the Chicago White Sox beat the Detroit Tigers 9-5.
Luigi Mangione entered a guilty plea in his federal case at a court appearance in Manhattan Friday morning.
Nearly half of renters spend more than 30% of their income on housing. Here's what it costs to rent a two-bedroom home in 50 U.S. cities.
The White River in Indiana rose to record-breaking levels as more than 11 inches of rain has fallen east of Indianapolis since Tuesday.
The U.S. Army Corps of Engineers has permitted the controversial Line 5 tunnel project in Michigan's Straits of Mackinac.
The Michigan Department of Health and Human Services says a human case of influenza A H1N2 swine flu was detected in a person who was a participant at the Kent County Youth Fair.
A new executive order from President Trump is reshaping federal childhood vaccine recommendations and encouraging states to review their school immunization requirements, a move that comes as Michigan families prepare for the new school year.
The Livingston County Board of Commissioners is considering a resolution that would implement a program from Opioid Free America that would analyze prescription data of county employees and encourage prescribers to wean their patients off opioids.
An additional 35 Michigan residents have required hospital care for cyclosporiasis as an outbreak continues to be tracked, state health officials said on Thursday.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Miguel Vargas homered twice, Tristan Peters and Munetaka Murakami went deep once each, and the Chicago White Sox beat the Detroit Tigers 9-5.
Golf can feel largely out of reach, but one Detroit nonprofit is trying to change that, one swing at a time.
Joe Flacco threw a touchdown pass in relief of Joe Burrow, Evan McPherson kicked three field goals and the Cincinnati Bengals beat the Detroit Lions 16-14 in the preseason opener for both teams.
Arnold, 23, is facing eight felony charges stemming from allegations he orchestrated the abduction and beating of three men in February.
Keider Montero pitched three-hit ball into the seventh inning and the Detroit Tigers blanked the Cleveland Guardians 3-0 despite failing to record a strikeout.
Rachel Stewart previews the upcoming America's Thanksgiving Parade presented by Gardner White, which will celebrate its 100th anniversary in 2026.
The eyes of the nation were on Michigan as its critical 2026 primary was held last Tuesday.
As the nation turns its attention to Michigan's critical Aug. 4 primary, the Michigan Matters roundtable weighs in.
Perry Johnson discussed not receiving President Trump's endorsement and the reasons he believes John James did.
The conversation turns to rising auto insurance rates across Michigan and new legislative bills in Lansing that would help stem the tide.
Ford Motor Company unveiled a new edition at the Woodward Dream Cruise, the 795-horsepower Mustang Dark Horse SC convertible. Ford says it's the strongest Mustang convertible every built.
Authorities are investigating the killings of five people Friday in rural Northern Michigan, officials said. The suspect in the case was also found dead.
As the Woodward Dream Cruise gets underway, an inclusive event gives people of all abilities a chance to enjoy it.
Rain chances return this weekend, late enough to have a mostly cloudy Dream Cruise.
The city of Hamtramck must count 37 absentee ballots from the November 2025 election, which could change the outcome of the mayoral race.