As interest rates rise, uncertainty looms over South Florida real estate market
As 2023 draws to an end, it is clear that South Florida's real estate market continues to change but what is unclear is what direction it will take.
Watch CBS News
As 2023 draws to an end, it is clear that South Florida's real estate market continues to change but what is unclear is what direction it will take.
Everything about financing a home purchase surged last year
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
Prices rose in the Northeast, Midwest, and South but were unchanged in the West
July's housing figures reverse a five month trend of falling home prices.
After nine months of leading metro areas across the country in year-over-year increases in home prices, Miami fell out of the top spot in May
June is National Homeownership Month and with rising interest rates and home costs, getting to own a home is becoming more and more costly.
The median existing home price was $396,100 last month, down from 3.1% from a year ago
The average renter in Miami must make a six-figure salary to avoid being classified as rent burdened, according to a new report from researchers at Florida Atlantic University and two other schools.
Miami continued to top other metro areas nationally in home-price increases in March when compared to a year earlier, according to a report released Tuesday.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Home prices went up slightly in February.
Guests: Eileen Higgins/MIAMI-DADE COUNTY COMMISSIONER
City of Oakland Park commissioners want to help keep home prices within the reach of people in their community.
Trish Christakis reports those who can afford homes, who are making over six figures, still aren’t purchasing because of the steep prices and they don’t think it's worth the investment because of the record high mortgage rates.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
The Atlanta area was the third-highest
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
The Miami area had a 21 percent year-over-year increase
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
The average long-term U.S. mortgage rate topped 7% for the first time in more than two decades this week
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
One man was killed and another was injured in a double shooting in Florida City, and the incident was caught on Facebook Live.
Authorities identified three teenagers killed in a Pompano Beach crash Monday night, with investigators saying excessive speed may have been a factor.
From immigration detention and gun laws to book bans, marijuana and social media, a wide range of legal battles in Florida remain unsettled as the state heads into 2026.
Tatiana Schlossberg, the granddaughter of late President John F. Kennedy, has died after announcing a terminal cancer diagnosis in late November.
Temperatures are about to tumble across South Florida as we close out 2025 and ring in 2026.
One man was killed and another was injured in a double shooting in Florida City, and the incident was caught on Facebook Live.
Authorities identified three teenagers killed in a Pompano Beach crash Monday night, with investigators saying excessive speed may have been a factor.
From immigration detention and gun laws to book bans, marijuana and social media, a wide range of legal battles in Florida remain unsettled as the state heads into 2026.
Tatiana Schlossberg, the granddaughter of late President John F. Kennedy, has died after announcing a terminal cancer diagnosis in late November.
Temperatures are about to tumble across South Florida as we close out 2025 and ring in 2026.
A former prison guard trainee has been sentenced to death for the 2019 execution-style killings of five women inside a Florida bank.
Florida coach Billy Napier is getting a fourth season to try to get the Gators back to their winning ways.
A Florida man has filed a federal lawsuit against Jacksonville sheriff's officers who severely beat him last year after he ran from a traffic stop.
The Marion County Sheriff's deputy told authorities that he accidentally shot and killed his girlfriend while cleaning his gun.
The American Automobile Association said this is a dangerous time of year for young drivers.
The removal by a U.S. military cemetery in the Netherlands of two displays recognizing Black troops who fought in World War II has spurred anger there.
The U.S. military has hit at least 30 alleged drug vessels in the region since early September, killing 107 people.
U.S. Rep. Cherfilus-McCormick reiterated her innocence after a federal judge agreed to delay her arraignment until Jan. 20.
President Trump said the U.S. hit a "big facility" last week linked to alleged drug boat operations, as tensions ratchet up with Venezuela.
Israeli Prime Minister Benjamin Netanyahu also announced President Trump will receive the Israel Prize for his work on peace negotiations.
Jim Defede's guest this week on Facing South Florida is James Fishback, a Republican candidate for the Florida governor's office.
Guest host Lauren Pastrana is joined by Ron Book, chairman of the Miami-Dade Homeless Trust.
Guest host Laura Pastrana talks with one of the big winners from Tuesday's runoff elections, Miami Beach Commissioner-elect Monica Matteo-Salinas.
Jim Defede goes in-depth on the second vote by the Miami Dade College Trustees to donate land for the proposed Trump Presidential Library.
Jim DeFede investigates the millions of dollars in state funding cuts for meal programs across South Florida.
If you don't feel well, particularly if you have a fever and worsening symptoms, Dr. Glazier says, skip the get-together.
Millions of people with an Affordable Care Act health plan face a massive jump in premiums next year — this chart shows just how much.
A California digital health company and a Florida medical practice have been indicted in an alleged $100 million scheme to illegally distribute Adderall over the internet to patients across the country who didn't need it, federal prosecutors said Wednesday.
Physicians and educators spoke out against the proposed repeal of vaccination requirements for diseases such as chickenpox during a Department of Health workshop in Panama City Beach, while vaccine critics applauded Gov. Ron DeSantis' administration for advancing the plan.
"I don't know how I'm going to pay for this," said one person with an Affordable Care Act plan that will cost her $1,100 a month starting in January.
These gifts from Stanley, Apple, AllTrails and more won't bust your budget.
From top-rated smart mugs to cold brew starter kits, we've rounded up the coffee lover presents to gift this Christmas.
Just in time for the holiday season, Nintendo has released Nintendo Switch bundles and special editions.
For that authentic grilling experience, you can't beat a charcoal grill. We've rounded up the best grill options.
Discover the best tech gifts during the 2024 holiday season that your friends and loved ones will absolutely adore.
Florida insurance policyholders could be seeing some form of relief in their wallets thanks to market reforms made statewide, Gov. Ron DeSantis said.
The company said Tuesday that 85% of its retail products and "nearly all" of its school offerings are already made without "certified colors."
Less than two days after Delta Air Lines offered $30,000 to each passenger on board the flight that crashed and flipped in Toronto on Monday afternoon, the company is facing its first two lawsuits in the incident — and they likely won't be the last.
Activists are calling for a nationwide boycott of Target stores following the company's decision to roll back its diversity, equity and inclusion initiatives.
Discount store chain Target says it's joining rival Walmart and a number of other prominent American brands in scaling back corporate diversity, equity and inclusion initiatives.
The Grammy-winning artist Beyoncé became the fifth musician to achieve the wealth milestone, Forbes said Monday.
French politicians were divided on Monday over how to pay tribute to the late Brigitte Bardot who, despite her screen legend, courted controversy in later life with her far-right views.
It marks the second lawsuit in recent months accusing the filmmaker and studio mogul of leveraging his power in Hollywood to make sexual advances.
The band announced Perry Bamonte's death on their official website on Friday.
Smith previously played young Nala in "The Lion King" on Broadway.