Rents around the U.S. are growing more slowly than they have in years
The cost of renting a home, which surged during the pandemic, is showing signs of returning to earth, new data shows.
Watch CBS News
The cost of renting a home, which surged during the pandemic, is showing signs of returning to earth, new data shows.
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.
Monthly rental costs are showing a slight decline in many major metro areas, including Detroit, an industry study says.
Since the pandemic, the monthly rent for a typical apartment around the U.S. has surged almost 30% to $1,858, Zillow data shows.
Though a growing industry, build-to-rent communities made up only 7.9% of new residential constructions last year.
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?
The DOJ alleges RealPage colluded with landlords to inflate rental housing prices, harming millions of Americans.
After years of soaring housing costs, renters are getting some relief as the Federal Reserve looks to extinguish inflation.
The Biden administration wants a new law that would cap annual rent increases at no more than 5% — or landlords would lose a major tax break.
Renters in Detroit have had concerns over living conditions, rent prices and evictions. The Detroit City Council will start a new tenant rights commission to be a resource for tenants to get assistance.
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Short-term rentals in Michigan could soon be subject to an additional tax and more regulations, a move supporters say will help offset the costs to municipalities. However, opponents say it could have a negative impact on our tourism.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
New numbers show Michigan had one of the highest increases in rent in the last year.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
A "dizzying array" of tacked-on charges, from application fees to pet fees, are rising at a faster clip than rent itself.
Shipping container homes aren't something you see or hear about every day. Turns out, you can rent a couple of these homes in Oakland County.
The prices are still up, but there's significance in the fact that the rate of increase is slowing down
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
Michigan's rent prices increased 8.61% from last year, with an average median rate of $1,321 a month, but a study from Rent.com shows that this growth is starting to slow down.
If you're planning a trip to Miami, look no further for a place to stay than DJ Khaled's "sneaker kingdom" – AKA his shoe closet.
Taylor police are investigating after a man was found dead with stab wounds outside of a vehicle early Thursday morning.
Antitrust regulators suggested that state attorneys general could assist in investigating unlawful conduct by companies.
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
A military trainee from Michigan died last month at an Air Force base in Texas, and lawmakers say his death is connected to a reported flu outbreak on the base.
The Rangers matched a season high with 17 hits en route to their seventh victory in eight games.
Any storms that do occur would have a risk of heavy rainfall, strong winds and larger hail.
A military trainee from Michigan died last month at an Air Force base in Texas, and lawmakers say his death is connected to a reported flu outbreak on the base.
Cyclosporiasis isn't deadly, but state health officials say it can cause diarrhea, nausea, bloating and cramps.
An inmate who was serving a life term at the Women's Huron Valley Correctional Institute died Thursday, the Michigan Department of Corrections said.
Taylor police are investigating after a man was found dead with stab wounds outside of a vehicle early Thursday morning.
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.
Taylor Swift and Travis Kelce are expected to welcome around 1,000 guests at Madison Square Garden to celebrate their wedding, sources say.
The Hitsville USA campus is undergoing a $75 million donor-funded expansion that includes a theater, recording studio, and immersive exhibits, with a grand reopening planned for 2027.
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.
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
A military trainee from Michigan died last month at an Air Force base in Texas, and lawmakers say his death is connected to a reported flu outbreak on the base.
Major retail stores will be open on Friday, although some may have modified hours on Saturday, July 4.
Taylor Swift and Travis Kelce are expected to welcome around 1,000 guests at Madison Square Garden to celebrate their wedding, sources say.
A volunteer at the National Archives in London found the document among other papers seized from an American ship in 1776.
Cyclosporiasis isn't deadly, but state health officials say it can cause diarrhea, nausea, bloating and cramps.
The heat wave can even be dangerous if you don't take extra precautions to stay cool.
An investigation into cyclospora cases has expanded into seven Michigan counties, as health officials seek to determine the cause of the gastrointestinal illness.
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.
The Rangers matched a season high with 17 hits en route to their seventh victory in eight games.
Folarin Balogun got the scoring going with a goal in the 45th minute, but was sent off with a controversial red card in the 64th minute.
Camilo Doval forced in the go-ahead run with a bases-loaded walk in a four-run 11th inning that gave the Tigers a 6-2 victory over the Yankees on Wednesday.
The 33-year-old played in Detroit during the 2024 and 2025 seasons, helping the team make back-to-back playoff appearances.
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.
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.
Taylor Swift and Travis Kelce are expected to welcome around 1,000 guests at Madison Square Garden to celebrate their wedding, sources say.
Seven people were rescued after a boat caught fire early Thursday along the Canadian side of the Detroit River, the U.S. Coast Guard says.
Qatari and Pakistani mediators said that the next meetings between Iranian and U.S. negotiators would be scheduled "at the earliest possible time" after funeral commemorations for Iran's former supreme leader. Kamal Afzali reports.
Good Friday morning Family! TGIF! An Extreme Heat Warning is in effect through this evening for our area. Scattered to numerous thunderstorms are forecast today and tonight. There is a chance for strong to severe storms, Marginal Risk (1 of 5) and Slight risk (2 of 5) through this period. Main threat, damaging wind gusts up to 60 mph being the main hazard and large hail possible. Locally heavy rain and minor flooding will be possible through tonight as well. While temperatures will be less hot and more seasonable this weekend, the chances for showers and thunderstorms with an isolated risk for strong to severe storms will continue Saturday and Sunday.
Usher and Chris Brown are in Detroit for their current tour, but behind the scenes, a different story is unfolding, and it all deals with a group of young adults.