Mortgage rates top 7%, hitting highest level since 2001
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
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Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
If you've been out shopping lately, you may have noticed several empty storefronts, especially on the Upper East Side. CBS2's Elijah Westbrook goes into the community to see what's going on.
There's more fallout after the Suffolk County government website was hacked. It turns out, many of the county's services are still not working properly. CBS2's John Dias reports.
From abandoned to affordable, thousands of homes creating eyesores in city neighborhoods could soon be a beacon of hope in a tight real estate market. CBS2's Lisa Rozner has more on "zombie homes" in this exclusive report.
As CBS2's Lisa Rozner reports, those who stand to benefit from the initiative are potentially low- and moderate-income families.
With rents notoriously high in Brooklyn and Manhattan, you might think New York City is the most expensive place in the U.S. for renters, but that's not the case.
StreetEasy says 34% of available inventory is made up of apartments in which tenants could not afford new prices after the deals they received during the pandemic.
It's officially summer, and that means a lot of New Yorkers are apartment hunting. Rental prices are sky high, but there may be some hope. CBS2's Mary Calvi spoke with Casey Roberts from StreetEasy.
According to Realtor.com's April rental report, rents are on the rise in the New York City metro area, especially for studio apartments.
The New York City Rent Guidelines Board took a preliminary vote Thursday to increase rent stabilized units. CBS2's Natalie Duddridge has the details.
Thursday's vote will be followed by four public hearings before the final decision in June.
The $100 million project will eventually provide more than 2,000 affordable homes in Far Rockaway, and create jobs.
Many felt the pandemic would leave much of the office space vacant. But it turns out that's not exactly the case.
Many thought the pandemic left much of the city's commercial office space vacant. But it turns out that's not exactly the case. CBS2's Kevin Rincon reports.
Many people in New York City are feeling the squeeze on their rent. As pandemic deals end, even long-term renters are facing unheard-of increases; CBS2's Natalie Duddridge reports.
"For Sale" signs are few and far between in Westchester County. Low inventory plus high demand equals a difficult time for homebuyers.
As of July, the median home sale price in Manhattan was $1.2 million compared to $386,000 in the Bronx.
The 500 affected employees will instead work form home, from new shared workspaces in Manhattan and from offices in New Jersey and Connecticut.
Advocates say it's a big step toward ending housing discrimination against people who have served time in jail.
One realtor says those who sign away their rights to inspections move in and then might discover dangerously old plumbing, a bad roof, a faulty furnace or worse.
Though housing prices have soared in many parts of the country, and inventory is way down, real estate sales may still be stronger in 2021.
The home on Greenwood Lake in Orange County was once owned by the parents of Jeter's grandfather, before the family sold it in 1996.
Notable firms like Corcoran Group and Century 21 are accused of illegally discriminating against low-income tenants with housing vouchers.
Proponents say the cost of 3D technology construction is 50% cheaper than comparable newly constructed homes in Riverhead and 10 times faster.
Erin Hudson, real estate reporter at The Real Deal. estimates - based on public loan documents - secret apartments push vacancy rates of many buildings to 25% and higher.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
The focus is on the afternoon and evening, when we could see downpours and severe thunderstorms across New York and New Jersey.
A 17-year-old was shot late Monday night at a McDonald's on Pennsylvania Avenue and Linden Boulevard in Brooklyn.
Jazz Chisholm Jr. homered in consecutive at-bats against All-Star Braxton Ashcraft and drove in five runs, powering the Yankees to an 8-5 victory over the Pirates on Monday night.
Cooper Pratt hit his first major league homer to help spoil Freddy Peralta's return to Milwaukee as the Brewers defeated the Mets 8-3 on Monday night.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
The focus is on the afternoon and evening, when we could see downpours and severe thunderstorms across New York and New Jersey.
A 17-year-old was shot late Monday night at a McDonald's on Pennsylvania Avenue and Linden Boulevard in Brooklyn.
The New York City health commissioner revealed more somber news on Monday, announcing the fourth death related to the Upper East Side Legionnaires' disease cluster.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The focus is on the afternoon and evening, when we could see downpours and severe thunderstorms across New York and New Jersey.
Stormy weather will return to the New York City area Tuesday after a brief reprieve.
Storms brought flooding rains, damaging winds, hail and lightning to New York and New Jersey on Saturday.
While the air quality is improving, haze still lingers as New Yorkers brace for upcoming rain and possibly severe storms Saturday.
A tornado warning was issued in parts of New Jersey on Thursday evening.
The focus is on the afternoon and evening, when we could see downpours and severe thunderstorms across New York and New Jersey.
There have been major developments in the case of a social media influencer who was gunned down last summer on the Cross County Parkway in Westchester.
Two young children were killed during the crash in Barnegat Bay between Berkeley Township and Seaside Heights on Sunday night.
Madonna, Justin Bieber, BTS and Shakira each brought a bit of one of their hits to the World Cup's first halftime show in a whirlwind performance Sunday that also squeezed in Burna Boy, Ted Lasso and many Muppets.
Hundreds of fans packed the American Dream mall on Sunday to watch the World Cup final between Argentina and Spain on a big screen and inside restaurants.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
The focus is on the afternoon and evening, when we could see downpours and severe thunderstorms across New York and New Jersey.
Matthew Smith, 21, pleaded guilty to driving drunk and crashing his pickup truck into Patricia Espinosa's car, killing her.
Democratic socialists have had a number of big victories lately, both in the New York City area and nationally. That begs the question: are they the new political force in the United States?
A memorial service was held on Long Island on Friday night for victims of TWA Flight 800, marking 30 years since the deadly crash. CBS News New York's Allen Devlin reports.
New York City Mayor Zohran Mamdani is doubling down on his promise to arrest Israeli Prime Minister Benjamin Netanyahu when he arrives for the United Nations General Assembly in a few weeks.
Democratic socialists have had a number of big victories lately, both in the New York City area and nationally. That begs the question: are they the new political force in the United States?
White House border czar Tom Homan said "I think body cameras are the way to go" after fatal shootings by federal immigration officers in Texas and Maine earlier this month.
The following is the transcript of an interview with New York Gov. Kathy Hochul, a Democrat, that aired on "Face the Nation with Margaret Brennan" on July 19, 2026.
It will be the first meeting between President Trump and Sheinbaum since December after months of verbal sparring. Canadian Prime Minister Mark Carney is also expected to attend.
Studies show older adults are among the safest drivers on the road, but crashes involving seniors are on the rise.
For the third day in a row, the NYC Health Department has announced a death in the Upper East Side Legionnaires' disease cluster.
A second death has been reported in connection to the Legionnaires' disease cluster on the Upper East Side, health officials said Saturday.
One death has been reported in connection to the Legionnaires' disease cluster on New York City's Upper East Side, health officials say.
Farmers in New Jersey say the cyclosporiasis outbreaks across the country are providing an opportunity to get to know your local farmer.
Madonna, Justin Bieber, BTS and Shakira each brought a bit of one of their hits to the World Cup's first halftime show in a whirlwind performance Sunday that also squeezed in Burna Boy, Ted Lasso and many Muppets.
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The final show of Jay-Z's anniversary concert series at Yankee Stadium was delayed for hours after hundreds of ticketless fans flooded the gates and breached security, according to officials.
Jay-Z and some very special guests took over Yankee Stadium on Friday night, performing to a sold-out crowd.
Jazz Chisholm Jr. homered in consecutive at-bats against All-Star Braxton Ashcraft and drove in five runs, powering the Yankees to an 8-5 victory over the Pirates on Monday night.
Cooper Pratt hit his first major league homer to help spoil Freddy Peralta's return to Milwaukee as the Brewers defeated the Mets 8-3 on Monday night.
Five Yankees pitchers combined on a four-hitter as New York edged the Dodgers 2-1 to split their day-night doubleheader Sunday.
The New York Mets won a series in Philadelphia for the first time in nearly four years, beating the Phillies 6-1 on Sunday.
Yoshinobu Yamamoto pitched a four-hitter, and the Dodgers defeated the Yankees 8-2 in the opener of their day-night doubleheader Sunday.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
The FIFA World Cup is delivering a business boost for many bars and restaurants across New York City, but not every industry is seeing the same payoff.
Two Upper West Side children went on a mission to visit 40 playgrounds in one day, hoping to set a record.
Eddie Palmieri, the East Harlem legend who revolutionized Latin music, now has a street renamed in his honor.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Iran said it targeted U.S. assets in Kuwait, Bahrain and Jordan Tuesday, and a vessel in the Strait of Hormuz, after the U.S. military said it carried out strikes on Iranian military infrastructure. CBS News' Bradley Blackburn reports.
A fourth person has died from the outbreak, but officials say they believe the source has been eliminated. CBS News New York's Elijah Westbrook reports.
Army veteran Andrew Arrabaca was taken into custody after allegedly dousing an entrance to 26 Federal Plaza with gasoline before setting off fireworks Monday morning. CBS News New York's Christina Fan reports.
A 24-year-old woman was stabbed in the back inside a home in Astoria, the NYPD said.
A 17-year-old girl was shot multiple times at a McDonald's in Brooklyn late Monday night. CBS News New York's Aziza Shuler reports.
