Rising interest rates may imperil some would-be homebuyers
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.
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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.
A patient care report from the Coral Gables Fire Department details the emergency involving Kenly Millan Aponte, 35, a mother of two who traveled from Kentucky to Miami for a "mommy makeover" at Svelta Plastic Surgery.
Experts said prices are rising faster than paychecks, and the average household is feeling the squeeze.
The wrongful arrest is just one of over a dozen in recent years linked to facial recognition technology.
An effort is underway to precisely measure how Miami's scorching summer heat is affecting residents in some of the area's most vulnerable neighborhoods.
The festival grounds have been transformed into a massive fan zone featuring live entertainment, interactive activities, food and beverage vendors, and a giant screen that will broadcast all 104 World Cup matches.
George Pino is facing manslaughter and vessel homicide charges after the boat crash near Boca Chita Key in Biscayne Bay in 2022.
A patient care report from the Coral Gables Fire Department details the emergency involving Kenly Millan Aponte, 35, a mother of two who traveled from Kentucky to Miami for a "mommy makeover" at Svelta Plastic Surgery.
Experts said prices are rising faster than paychecks, and the average household is feeling the squeeze.
The wrongful arrest is just one of over a dozen in recent years linked to facial recognition technology.
An effort is underway to precisely measure how Miami's scorching summer heat is affecting residents in some of the area's most vulnerable neighborhoods.
In courtroom testimony, Shandelle Maycock recounted the harrowing night her daughter was abandoned in the Everglades, describing the horrors they endured.
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.
Florida Attorney General James Uthmeier reported a net worth of $1.27 million in a newly filed financial disclosure, showing an increase from last year.
Cuba's top diplomat to the United States says recent sanctions targeting the island's leadership and the indictment of former President Raúl Castro are a "pretext" for the Trump administration to persuade the American people to support a U.S. military intervention in Cuba.
A new analysis warns a proposed FEMA overhaul by a Trump-appointed panel would limit access to disaster aid for survivors, shifting the burden to state and local agencies amid hurricane season.
The House passed Republicans' $70 billion bill to fund immigration enforcement agencies for the rest of the Trump administration.
Federal immigration authorities barred a Somali soccer referee who was slated to officiate the FIFA World Cup from entering the U.S. over the weekend, citing "vetting concerns."
Florida House Speaker Danny Perez denied claims his nomination as U.S. ambassador to Brazil was tied to Florida's recent redistricting effort.
Moskowitz provided CBS News Miami with copies of virulent, antisemitic voicemails his office has received.
Critics argue his plan will decimate cities, counties, and local school districts.
Enrique Tarrio said since President Trump announced the formation of the fund, he has been inundated with calls from others convicted for January 6 related activities.
Commissioners voted to allow the review, saying if that was the only way to move the project - designed to help people with mental illnesses caught in the criminal justice system - then so be it.
Dr. Peter Stafford was working with a missionary group in the Congo when he came down with the virus last month.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
U.S. government plans to open a quarantine center for Americans exposed to Ebola on an air base in Kenya have been temporarily halted by a court order.
The head of the World Health Organization says Ebola has killed at least 7 people in Congo, but the U.N. agency says it knows the epidemic "is much larger."
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
AARP is sounding the alarm because it is so easy to fall for these schemes, but there are simple things everyone can do to protect themselves.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
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.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
Federal prosecutors have indicted ex-Miami Heat guard Terry Rozier on additional charges related to a sports gambling sting.
President Trump said he is considering replacing the Freedom 250 concert series with a rally after many artists dropped out.
The American Music Awards celebrate fan favorites in the music world and feature performances from multiple artists.