Fewer Americans own homes than thought, new Fed search finds
Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
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Only about 53% of Americans own homes, or about 12 percentage points lower than previous data has shown, the study found.
Sky-high housing prices make even starter homes too expensive for most Americans, housing data show.
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
Buyers can still find lower-cost homes in some midsize cities, especially across the Rust Belt and Sun Belt, a new analysis finds.
Cities in Florida and California, where home prices soared during the pandemic, saw some of the steepest declines in property values.
A bipartisan Senate duo is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country's housing affordability crunch.
New numbers show that home sales across the Greater Sacramento region are on a rebound, and there's a surprising new city taking the top spot away from Roseville, which had been the hottest housing market.
Spirit Airlines again filed for bankruptcy protection from its debts only months after emerging from Chapter 11.
Real estate company Compass claims Zillow is illegally undermining competition by banning property listings if they don't appear on Zillow within 24 hours.
Home sale prices are at a record high, but buyers are nevertheless paying below sellers' asking prices, research shows.
Households earning $75,000 can afford only 1 in 5 for-sale homes, down from half of all listed properties before the pandemic, a new study finds.
There's a real estate rarity in Placer County: A single-family home that's being sold for under $200,000, but of course, there's a catch.
A 12,660-square-foot, nine bedroom estate on the California side of Lake Tahoe set a new record late last month when it sold for $27.5 million, according to the company that handled the sale.
The order targets opportunistic real estate speculators who make unsolicited cash offers well below market value in attempts to exploit victims of the Los Angeles-area fires.
Federal officials say homelessness rose 18% in 2024, driven mostly by a lack of affordable housing.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
Many million-dollar properties are no longer considered luxury homes, with almost 1 in 10 U.S. houses costing at least that.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
The Biden administration wants a new law that would cap annual rent increases at no more than 5% — or landlords would lose a major tax break.
Purportedly won in a bet, the Bay Area's only private island a short distance from the Richmond-San Rafael Bridge is up for sale with an asking price of $25 million.
While real estate prices in California and the San Francisco Bay Area continue to shatter records, there is one Bay Area city that is bucking that trend for now.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
A new report shows homebuyers in Modesto, are paying 30% more for their new homes than what they're worth.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
More than 200 Arden-Arcade residents packed a community meeting Monday night, demanding answers over a planned re-entry home for formerly incarcerated people that is set to open next month.
Elk Grove is considering a moratorium on new personal storage facilities as city leaders weigh concerns about the growing number of storage businesses and how they are using valuable land.
Junior Caminero hit a three-run homer in an eight-run eighth inning as the Tampa Bay Rays rallied for a 10-6 victory over the Athletics on Monday night.
Sacramento police arrested a suspect Monday night after he armed himself with a knife and lit fires at an apartment building, officials said.
More than a year after the Del Oro High School girls softball team traded their smartphones for basic flip phones as part of a monthlong mental health challenge, players and parents say the experiment continues to influence how they use technology.
More than 200 Arden-Arcade residents packed a community meeting Monday night, demanding answers over a planned re-entry home for formerly incarcerated people that is set to open next month.
A wildfire that started over the weekend along the California-Nevada border has exploded in size, burning 15,000 acres and prompting evacuations near Reno, officials said.
Elk Grove is considering a moratorium on new personal storage facilities as city leaders weigh concerns about the growing number of storage businesses and how they are using valuable land.
Junior Caminero hit a three-run homer in an eight-run eighth inning as the Tampa Bay Rays rallied for a 10-6 victory over the Athletics on Monday night.
The San Joaquin County Medical Examiner has identified the two construction workers killed in a trench collapse in Stockton over the weekend.
Sacramento police arrested a suspect Monday night after he armed himself with a knife and lit fires at an apartment building, officials said.
A road worker on U.S. Highway 50 in Sacramento was killed in a crash involving a suspected drunk driver overnight Monday, authorities said.
Most high school students don't set foot on a college campus until after graduation. At one Sacramento City Unified School District campus, it's a graduation requirement.
Two people were injured in a suspected road-rage shooting Wednesday evening in North Sacramento, officials said.
Parents who have lost their kids to gun violence met in Downtown Sacramento for a special National Night Out gathering to raise awareness and gather signatures of support for a proposed new law that would increase security at nightclubs.
A preliminary report on the February avalanche that killed nine people released by the backcountry guide company involved assigned no blame for the tragedy.
In the valley and foothills, temperature highs will range from 102 to 108, and lows will dip into the mid-60s to 80 degrees.
California's unemployment rate remains among the highest in the nation as more residents turn to state benefits for financial support — but some say they're struggling to get help from the agency responsible for processing those claims.
A California lawmaker wants to address the rising cost of event tickets by limiting how much some tickets can be marked up on the resale market.
California Gov. Gavin Newsom on Friday announced the rollout of the state's new electric vehicle instant rebate program, touting it as part of an investment in the state's clean-vehicle future.
Junior Caminero hit a three-run homer in an eight-run eighth inning as the Tampa Bay Rays rallied for a 10-6 victory over the Athletics on Monday night.
Sacramento State football will make its first trip to Oregon in 2028, adding another marquee opponent to the Hornets' future schedules as the program begins its move into the FBS.
The former San Francisco 49ers star running back spoke in a prerecorded video message while he sat on stage wearing his gold jacket at Tom Benson Stadium on Saturday.
David Forst won't return as general manager of the Athletics, with the team announcing Friday that the two sides have "mutually agreed to part ways.".
Elly De La Cruz hit his fourth career leadoff home run — one of four homers by Cincinnati — and the Reds beat the Athletics 6-5 to complete a three-game sweep.
Todd Blanche was sworn in as attorney general after the Senate narrowly voted to confirm the president's former defense lawyer to helm the Justice Department over the weekend.
President Trump signed an executive order on childhood vaccine schedules Monday.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
First Assistant U.S. Attorney Bill Essayli hired former top aide Shawn Lewis to be a federal law enforcement liaison, though Lewis has three prior convictions for driving under the influence and a pending battery charge.
The Pentagon on Friday released a new batch of documents and images related to UFOs, the fifth disclosure in recent months about the strange encounters.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
CBS News Sacramento spoke with the head of UC Davis Children's Hospital about the rising cases and why measles specifically is the most infectious disease.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A generic version of the allergy medication Zyrtec is under recall across the U.S. over cross-contamination concerns.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
Crews in Northern California's El Dorado County have stopped the forward progress of a wildfire that prompted mandatory evacuation orders and warnings for parts of the Somerset area, officials said Monday.
It's a loss one friend says came after Susan Solari made the heartbreaking decision to stay behind with the dogs she loved.
For Mary Anne and Glenn Meeks, the fire's rapid growth left little time to prepare. The couple spent the night at an evacuation center in Valley Springs after flames moved to within a few miles of their home.
The Northern California wildfire has burned 7,052 acres with no containment, keeping evacuations in place near New Hogan Lake.
All evacuation orders have been lifted for a fast-moving wildfire that sparked near the Nevada and Yuba county line Wednesday afternoon.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
Elk Grove is considering a moratorium on new personal storage facilities as city leaders weigh concerns about the growing number of storage businesses and how they are using valuable land.
Carmela Karcher reports.
Sacramento firefighters battled an apartment fire Monday night while police work to safely take an armed suspect into custody at the scene, officials said.
Sacramento firefighters battled an apartment fire Monday night while police work to safely take an armed suspect into custody at the scene, officials said.
Chief Meteorologist Jennifer Stanonis has your extended 7-day forecast!