Here's how much you have to make to afford a starter home in the U.S.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
The landmark deal, if approved by a court, could cause real estate fees to drop by as much as 30%, experts say.
The latest innovation in homebuilding is being touted as a game changer that could end up revolutionizing the construction industry.
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.
Homeowners spent a median $22,000 on renovations last year, a sharp increase from the $14,000 spent in 2018.
Despite the housing crisis facing South Floridians, there are still thousands of unoccupied homes in Miami.
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.
Mortgage rates have reached the highest level in 20 years, meaning some first-time home buyers could face a tough time trying to purchase a house.
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
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
Guests: Eileen Higgins/MIAMI-DADE COUNTY COMMISSIONER
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
South Florida is still a seller's market despite rising mortgage rates
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Home sales continue to decline and mortgage applications are at their lowest level in 25 years.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
The incident is still under investigation.
The hostages seen on the video were identified as Omri Miran and Keith Siegel by the campaign group the Hostages and Missing Families Forum.
The shooting happened late Thursday at an apartment complex
The NFL draft has a new attendance record after more than 700,000 fans flooded downtown Detroit for the three-day event.
There have been several injuries linked to tornadoes on Friday, but no fatalities have been reported.
This is a developing story. Tune into CBS News Miami on-air and online for the latest updates.
The shooting happened late Thursday at an apartment complex
The NFL draft has a new attendance record after more than 700,000 fans flooded downtown Detroit for the three-day event.
Miami FC returns to FIU Stadium for a match against Western Conference opponent San Antonio FC on Saturday.
There have been several injuries linked to tornadoes on Friday, but no fatalities have been reported.
Florida insurance companies made money last year for the first time in seven years.
The U.S. Supreme Court is scheduled Sept. 26 to discuss whether it will hear a First Amendment challenge to a 2021 Florida law that placed restrictions on major social-media companies.
The number of people traveling to Florida during the second quarter of 2023 decreased compared to a year earlier, according to estimates released Wednesday by the state's tourism-marketing agency.
Gov. Ron DeSantis on Monday said Walt Disney Parks and Resorts should drop a federal lawsuit that claims retaliation by the state and accept changes to a special district that long benefited the theme-park giant.
It's Back-To-School and that also means back to the lunch room, as breakfast and lunch are free to all Miami-Dade public school students again this year.
South Dakota Gov. Kristi Noem — a potential running mate for presumptive Republican presidential candidate Donald Trump — is getting attention again.
Gov. Ron DeSantis on Friday signed 28 bills, including a measure requiring disclaimers on certain political ads created using artificial intelligence and a bill about regulation of vape products.
As a qualifying period ended Friday for this year's congressional elections, U.S. Rep. Bill Posey, R-Fla., said he will not seek another term and backed former state Senate President Mike Haridopolos as a successor.
Prosecutors in former President Donald Trump's criminal trial in New York called two new witnesses to the stand on Friday, rounding out the first week of testimony.
Border officers have broad authority to search travelers' electronic devices without a warrant or suspicion of a crime.
Jim DeFede talks to former state senator Jeff Brandes, who runs the Florida Policy Project, which has been exploring solutions that include the role of vouchers and something called "upzoning."
Jim DeFede continues scrutinizing the three-plus decades during which Katherine Fernandez Rundle has led the Miami-Dade State Attorney's Office. This week, Jim's guest is South Miami Mayor Javier Fernandez.
Jim DeFede talks to the CEO of Trulieve, the cannabis company that spent $40 million to gather the signatures to get the measure on the ballot.
Jim DeFede goes one-on-one with the political and community activist and former rap superstar, who talks about making a run for the Rep. Sheila Cherfilus-McCormick's seat.
CBS News Miami's Jim DeFede speaks to attorneys about Rundle's tenure as Miami-Dade State Attorney.
Around 1 in 5 retail milk samples had tested positive for the bird flu virus, but further tests show it was not infectious.
The White House had been due to decide on the menthol cigarette rule in March.
The discovery of drug-resistant bacteria in two dogs prompted a probe by the CDC and New Jersey health authorities.
First known HIV cases from a nonsterile injection for cosmetic reasons highlights the risk of unlicensed providers.
Joel Embiid has been experiencing Bell's palsy symptoms, he said after Philadelphia's 125-114 win over the New York Knicks.
Game 3 of the Celtics vs. Heat NBA Playoffs series is can't-miss basketball. Here's how and when to watch tonight.
Discover which Apple iPad models are best suited to college students.
Got bees? Don't put up with all that buzzing and stinging; here are some easy ways to get rid of bees this spring.
Save big on appliances from top brands and retailers gearing up for Memorial Day.
Discover the best deals on all kinds of Apple iPad models, allowing you to snag a new tablet and save some cash.
Has mom and dad's bank been open too long at your house?
One consumer reported suffering a dental injury after eating Trader Joe's Chicken, Lentil & Caramelized Onion Pilaf product.
The company will keep its name and headquarters in Pittsburgh, but the United Steelworkers union voiced opposition to the deal.
For customers of SmileDirectClub, they were greeted with a message that they had shut down when logging on to its website.
CBP officials say the individually wrapped pink packages have an estimated resale value of more than $19,000.
Intimacy coordination is a relatively new and growing field with movie and television productions required to make a good-faith effort to hire one if needed on set.
The renowned Moulin Rouge cabaret venue's director has vowed to "rise to the challenge" after the windmill's sails fell off.
Harvey Weinstein's 2020 conviction on felony sex crime charges has been overturned by the State of New York Court of Appeals.
Taylor Swift fans have found a way to feel "a little bit closer to" their hero at a London watering hole, and The Black Dog pub is lapping it up.
For the first time in more than a year, the monthly board meeting of Walt Disney World's governing district was back to being what many municipal government forums often are — boring.