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.
The changes range from regulations for massive data centers and renaming Palm Beach International Airport to prohibiting local rules on gas-powered leaf blowers.
The wet weather pattern in South Florida is expected to continue into the Fourth of July holiday weekend.
Historians explain why East and West Florida remained loyal to Britain instead of joining the 13 colonies in declaring independence.
South Florida residents have responded in large numbers to the call for help after two deadly earthquakes struck Venezuela on June 24.
When deputies arrived, they said that the man was found with a gunshot wound at the Walmart parking lot located off McNab Road.
The changes range from regulations for massive data centers and renaming Palm Beach International Airport to prohibiting local rules on gas-powered leaf blowers.
The wet weather pattern in South Florida is expected to continue into the Fourth of July holiday weekend.
Historians explain why East and West Florida remained loyal to Britain instead of joining the 13 colonies in declaring independence.
CBS Miami, Neighbors 4 Neighbors and Global Empowerment Mission are collecting donations to help families affected by the devastating earthquakes in Venezuela.
From major concerts and waterfront fireworks to hometown parades and family festivals, South Florida communities are celebrating America's 250th birthday.
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.
The court's decisions cemented Mr. Trump's authority over vast swathes of the government, while delivering significant setbacks to his agenda in other areas.
The Supreme Court agreed to take up challenges to so-called assault-weapons bans in Cook County, Illinois, and Connecticut.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
The Supreme Court upheld state laws from West Virginia and Idaho that restricted participation by transgender athletes in girls' and women's sports.
The Supreme Court overturned a 90-year-old decision that allowed Congress to shield members of certain independent agencies from being fired by the president at will.
On Thursday, Governor Ron DeSantis announced the closing of Alligator Alcatraz, the highly controversial immigration detention center that was the subject of numerous lawsuits as well as allegations of abuse.
The 29-year-old attorney is hoping to stand out from the pack by going after young voters.
More than two decades after voters were promised a new facility to treat people with mental illnesses, rather than warehousing them in the county jail, the Miami-Dade County Commission gave final approval on Tuesday to open the Miami Center for Mental Health and Recovery.
There are seven Democrats in the race and whoever wins the primary in August will almost certainly be elected to Congress, since this is the most Democratic district in the state.
Democratic CFO candidate Annette Taddeo says she is running to strengthen oversight of Florida's insurance industry and better protect homeowners.
A new Florida law requires drug prescribers to complete sickle cell training, aiming to improve care and address stigma faced by patients.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
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.
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.
Carín León sees the World Cup as something that pulls different cultures together.
There appear to be new clues about the location of Taylor Swift and Travis Kelce's wedding.
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.
James Burrows directed more than 1,000 episodes of television, including every episode of the original "Will & Grace."