Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
Watch CBS News
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
As cities across California struggle to meet state housing goals, Habitat for Humanity Greater San Francisco is moving forward with plans to build what would become the largest affordable homeownership community in Marin County.
As San Francisco races to build more homes to meet a state-imposed deadline, the city also plans to double the number of historic landmarks that could cause the city to futher delay its push for more housing. Kevin Ko reports.
A new housing complex opened Tuesday in San Francisco at the site of a notorious drug haven in the city's Haight-Ashbury neighborhood.
The former site of a crime-plagued McDonald's next to San Francisco's Golden Gate Park is now a multi-story affordable housing complex which had its ribbon-cutting on Tuesday. Sooji Nam reports.
In the city of Oakland, the high cost of housing has reached a crisis level, and it's forcing many African American residents out of the city.
The San Francisco Planning Commission has approved the first new project that qualifies under Mayor Daniel Lurie's plan to build more housing in neighborhoods across the city.
Half Moon Bay has had unique challenges when it comes to creating more homes, and now it looks like just about everyone is digging in their heels when it comes to housing.
Gov. Gavin Newsom joined local officials in Oakland on Monday to sign legislation aimed at encouraging more home construction across California.
President Trump said Friday he won't sign the law, but a U.S. official said he isn't expected to veto it either.
New temporary housing was unveiled Wednesday for workers displaced from the closure of ranches at Point Reyes National Seashore in West Marin County.
Ranch workers in Point Reyes National Seashore, who are destined to lose their jobs and homes within a year following a new land management plan by the National Park Service, received some hope for relief from the Marin County Board of Supervisors Tuesday.
A household earning the average income would need to spend 40% of its income to afford the typical U.S. home, according to Redfin.
The cost of renting a home, which surged during the pandemic, is showing signs of returning to earth, new data shows.
The proposal is to convert a Safeway grocery store along the 1600 block of South El Camino Real into a nearly 400-unit housing complex. The developers said that 55 of them would be designated for low-income households.
Raising a child through age 18 is most expensive in Hawaii, where a family would spend an estimated $412,661 in 2026, LendingTree found.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
The county says once funding is completed, construction could begin as soon as this fall, with completion sometime in 2028.
Planned on state-owned land near the San Quentin Rehabilitation Center, the development includes 135 workforce apartments for educators, school staff, and county employees.
Crews have begun clearing debris from the site, which will become a 14-story building designed to provide affordable apartments specifically for artists, along with space for live creative performances.
Back in August, the county launched the new SHIFT initiative to tackle the affordable housing crisis. Alameda County awarded Oakland-based company Inspired ADUs to lead the effort of building more affordable homes on infill lots.
Yountville Commons will be located adjacent to City Hall at the site of the old Yountville Elementary School, which closed in 2000 because there weren't enough children in the town to keep it open. It will include about 120 affordable homes inside a large new public park.
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
