Less than 40% of U.S. households can afford a starter home, study finds
The typical non-homeowner household earns about $7,000 less than what's needed to buy an entry-level home, according to LendingTree.
Watch CBS News
The typical non-homeowner household earns about $7,000 less than what's needed to buy an entry-level home, according to LendingTree.
The Supreme Court rejected a Michigan family's argument that their home should have been sold at open-market value to cover an unpaid tax bill of just over $2,000.
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
Landing a good-paying job may not be enough to buy a home. A new study finds family wealth plays an outsized role in who becomes a homeowner.
City council unanimously passed a resolution urging UM to reconsider purchasing the land.
Buyers can still find lower-cost homes in some midsize cities, especially across the Rust Belt and Sun Belt, a new analysis finds.
Former homeowners whose tax-foreclosed properties sold for more than what they owed in back taxes may be entitled to surplus proceeds, Wayne County officials say.
Lincoln Park and Howell, Michigan, are both ranked among the top 10 cities in Redfin's "Hottest Neighborhoods of 2026" report.
Flint is among the Midwest cities featured in a new quarterly ranking of best places to buy a home in the United States.
Cities in Florida and California, where home prices soared during the pandemic, saw some of the steepest declines in property values.
Arbor One Apartments in Ypsilanti, Michigan, says it is making progress on restoring its condemned buildings, but there's still a lot of work left to finish the job.
A bipartisan Senate duo is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country's housing affordability crunch.
Monthly rental costs are showing a slight decline in many major metro areas, including Detroit, an industry study says.
A Phoenix-based company's real estate venture in Detroit's Palmer Park area has left over a third of the neighborhood's apartment buildings in distress.
A unique home in Metro Detroit, built with colored glass bottles embedded in its stone-encrusted exterior blocks, is now up for sale.
The need for affordable housing continues to be a top priority for Detroit residents.
A Pontiac woman is facing 10 felony charges in connection with an alleged real estate fraud.
The median sales price for a home in Detroit reached $110,000 in August, a real estate report says.
Spirit Airlines again filed for bankruptcy protection from its debts only months after emerging from Chapter 11.
President Trump said he's "thinking about" eliminating capital gains tax on home sales. Here's what that would mean for the housing market.
The Michigan Department of Natural Resources is listing over 120 properties via online auction through its surplus land auction program.
Real estate company Compass claims Zillow is illegally undermining competition by banning property listings if they don't appear on Zillow within 24 hours.
Home sale prices are at a record high, but buyers are nevertheless paying below sellers' asking prices, research shows.
Home sellers take note: The color of your kitchen and bedroom could boost your home's sale price.
The home went on the market in early June and is listed on Realtor.com for $1.9 million.
Power outages have been scattered across Metro Detroit, including in Madison Heights, Troy and Warren.
Detroit police say a 39-year-old man surrendered to police after he fired shots at bailiffs who were serving an eviction notice, leading to an hours-long barricade situation on Tuesday.
Whitmer urges state officials to "take all necessary measures" to ensure that soldiers participate in providing public safety and security during events celebrating the 250th anniversary of the United States.
Riley Greene hit two of Detroit's four homers off Cam Schlittler as the Tigers beat the Yankees 9-3 on Tuesday night and sent New York to its season-worst sixth straight loss.
A federal judge just blocked a Trump administration move to limit the amount of federal loans nursing students can borrow, but medical students aren't off the hook yet.
Detroit police say a 39-year-old man surrendered to police after he fired shots at bailiffs who were serving an eviction notice, leading to an hours-long barricade situation on Tuesday.
Inside the company's archives, corporate archivist Virginia Angles preserves more than 120 years of Kellogg history.
Whitmer urges state officials to "take all necessary measures" to ensure that soldiers participate in providing public safety and security during events celebrating the 250th anniversary of the United States.
Southeast Michigan residents who lack access to air conditioning are welcome at designated cooling centers during this week's heat wave.
An extreme heat warning for Southeast Michigan takes effect at noon today. Here's what you need to know about dealing with such conditions.
The Pontiac Star Car Reunion at the Oakland Expo Center features a wide range of vehicles.
President Trump says major automakers Ford and General Motors are in talks with defense contractors about possibly repurposing some plants for weapons production.
According to AAA, the average cost of gas statewide sits at $4.07.
Ford is recalling more than 250,000 vehicles that were incorrectly repaired under a previous recall meant to fix a problem that caused the engine to stall while driving, according to the National Highway Traffic and Safety Administration.
The United Auto Workers announced on Wednesday a tentative agreement with American Axle in Three Rivers, Michigan, ending a 10-day strike.
Grammy Award-winning rapper and recording artist Ludacris won't be performing at the National Cherry Festival in Traverse City, Michigan, after initially being billed for the event due to an "unforeseen scheduling conflict," according to organizers.
National Detroit-style Pizza Day is June 23, a date tied to a dish that traces its roots to a Detroit neighborhood bar and a Sicilian family recipe from 1946.
Crews have been preparing all morning, getting everything ready for the show just after 10 p.m.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Claude Guillemot and a flight instructor were flying in a twin-motor Cessna 421 on Friday evening. An investigation into the crash is underway.
Whitmer urges state officials to "take all necessary measures" to ensure that soldiers participate in providing public safety and security during events celebrating the 250th anniversary of the United States.
A federal judge just blocked a Trump administration move to limit the amount of federal loans nursing students can borrow, but medical students aren't off the hook yet.
Three U.S. egg producers will be required to provide 53 million eggs to food banks and to pay a $3.3 million financial penalty.
The typical non-homeowner household earns about $7,000 less than what's needed to buy an entry-level home, according to LendingTree.
The Supreme Court agreed to take up challenges to so-called assault-weapons bans in Cook County, Illinois, and Connecticut.
DaVita says its Novi dialysis center will resume patient services July 2 after third-party reviews of equipment and water quality found no problems, as a state investigation into a patient death and multiple hospitalizations continues.
Officials say the source of the infection is currently unknown. The department did not say how many cases were confirmed in the county.
With dangerously hot temperatures expected in Southeast Michigan this week, doctors at DMC Detroit Receiving Hospital are urging people to take precautions to avoid heat-related illness.
A Detroit grandmother dedicated to honoring her daughter's memory needs the public's help. After starting a transportation business to support her family, her vehicle is breaking down and she needs a new one to continue the service.
State officials have taken over the investigation into one death and hospitalizations among patients who received dialysis treatment in Southeast Michigan.
Riley Greene hit two of Detroit's four homers off Cam Schlittler as the Tigers beat the Yankees 9-3 on Tuesday night and sent New York to its season-worst sixth straight loss.
Former Detroit Lions cornerback Terrion Arnold was released on bond Tuesday, one day after a judge set a $1 million bond in connection with a robbery and kidnapping in Florida.
Casey Mize matched a career high with 10 strikeouts over seven innings and the Tigers capitalized on shoddy defense by the slumping Yankees in a 7-3 victory Monday night.
Dusty May's only dream growing up was coaching high school basketball in his home state of Indiana.
The Detroit Lions announced they have released cornerback Terrion Arnold hours after he appeared in court in connection with a robbery and kidnapping case in Florida.
Mark Hollis, COO of Rocket Entertainment and tournament director of the PGA Tour's Rocket Classic, appears on Michigan Matters.
Former U.S. Energy Secretary and Michigan Gov. Jennifer Granholm appears exclusively on CBS Detroit's Michigan Matters.
We're in the throes of the 100 most dangerous driving days of the year as more folks take to the road for vacations.
Four leaders appear in one-on-one conversations on CBS Detroit's Michigan Matters this Sunday to discuss their political futures and the road ahead in the 2026 midterms.
Bob Riney, president and CEO of Henry Ford Health, headlines Michigan Matters this Sunday, along with three other community champions who discuss important issues dissected at the Mackinac Policy Conference.
Another extremely hot day ahead! Mostly sunny today as the Extreme Heat Warning remains in effect through Thursday, with high temperatures reaching the mid 90s-to-upper 90s and heat indices at or above 105 degrees each day. Friday will also be hot, with high temperatures exceeding 90 degrees, but scattered to numerous showers and thunderstorms are likely to develop in the afternoon. A good chance for showers and thunderstorms will continue at times over the weekend, with temperatures gradually cooling down.
A home in Redford Township, Michigan, has been declared an "imminent" public health threat due to a hoarding situation inside the home.
Former Detroit Lions cornerback Terrion Arnold was released on bond Tuesday, one day after a judge set a $1 million bond in connection with a robbery and kidnapping in Florida.
Detroit police say a 39-year-old man surrendered to police after he fired shots at bailiffs who were serving an eviction notice, leading to a barricade situation on Tuesday.
The heat in Southeast Michigan is not only making air conditioners work harder, it's also putting a serious strain on the power grid.