Affording a home in the U.S. increasingly seems like an impossible dream
Millions of Americans are struggling to keep up with the rising rent, while buyers say the housing market is "nuts." What in the world is going on?
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Millions of Americans are struggling to keep up with the rising rent, while buyers say the housing market is "nuts." What in the world is going on?
A larger stock of smaller homes could mean more budget-friendly options for buyers.
Across much of the U.S., owning a home now requires spending more for housing than experts generally recommend.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
New data from the California Association of Realtors finds the median home price in the state has soared to $900,000. Kevin Ko reports from Vallejo, where home prices have barely risen compared to other parts of the Bay Area. Website: http://kpix.com/ YouTube: http://www.youtube.com/CBSSanFrancisco Facebook: https://www.facebook.com/CBSSanFrancisco Instagram: https://www.instagram.com/kpixtv/ Twitter: https://twitter.com/KPIXtv
Raging inflation has also driven up property taxes, with homeowners in some states getting socked with double-digit increases.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Homes in the most expensive ZIP codes cost almost 200 times more than the cheapest on a square-foot basis, a new analysis finds.
As housing prices continue to rise, new data highlights how hard it can be to afford a home in some parts of the U.S.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
"Home has not been cleared of contamination and will be transferred to the new buyer in its current state," the listing says.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
In the Bay Area's hot housing market, there are new signs of breathing space for prospective buyers. Len Ramirez reports. (8/29/22)
The home prices in Santa Clara County are dropping fast. In the two-month span from the beginning of June to the end of July, the median home price in the county dropped 5.1%, the biggest drop in any major U.S. market. Kiet Do reports.
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
With mortgage interest rates rising and home sale prices at record highs, some experts say renting may be a better option for some people, in certain scenarios, if they want to save money.
It's considered the largest free jazz festival on the West Coast, but this year, the Fillmore may be filled with silence.
Three correctional officers were injured in an attack by an inmate at a prison in Vacaville, authorities said.
Stephen Curry scored 36 points and the Golden State Warriors beat the Denver Nuggets 118-104 on Friday night for their fifth straight win.
As the ongoing debate over transgender students competing in female sports intensifies in California, in Oakland on Friday, a group of parents called for the California Interscholastic Federation to change its policy.
While all eyes were on the San Francisco Giants home opener Friday, off the field, the team has made headlines for its real estate ventures, particularly in the Mission Rock area near Oracle Park.
It's considered the largest free jazz festival on the West Coast, but this year, the Fillmore may be filled with silence.
Three correctional officers were injured in an attack by an inmate at a prison in Vacaville, authorities said.
As the ongoing debate over transgender students competing in female sports intensifies in California, in Oakland on Friday, a group of parents called for the California Interscholastic Federation to change its policy.
While all eyes were on the San Francisco Giants home opener Friday, off the field, the team has made headlines for its real estate ventures, particularly in the Mission Rock area near Oracle Park.
Willy Adames hit a winning two-run single with two outs in the 11th inning, sending the San Francisco Giants over the Seattle Mariners 10-9 Friday in their home opener to extend their winning streak to five.
It's considered the largest free jazz festival on the West Coast, but this year, the Fillmore may be filled with silence.
While all eyes were on the San Francisco Giants home opener Friday, off the field, the team has made headlines for its real estate ventures, particularly in the Mission Rock area near Oracle Park.
Willy Adames hit a winning two-run single with two outs in the 11th inning, sending the San Francisco Giants over the Seattle Mariners 10-9 Friday in their home opener to extend their winning streak to five.
In an effort to protect humpback whales from becoming entangled in fishing gear, state officials on Thursday announced that commercial Dungeness crab fishing would be closed later this month along the California coast south of San Mateo County.
The Golden State Valkyries on Friday confirmed San Francisco's new WNBA franchise will have CBS Bay Area as the team's official media partner for its inaugural season.
As the ongoing debate over transgender students competing in female sports intensifies in California, in Oakland on Friday, a group of parents called for the California Interscholastic Federation to change its policy.
Bay Area thrash-metal guitar hero Gary Holt recently talked to CBS News Bay Area about his new memoir, upcoming plans for his band Exodus and returning to the stage with Slayer.
One man has died and another man was wounded following a shooting in West Oakland early Friday morning, police said.
An investigation is underway following a police shooting that stemmed from a traffic stop in Concord late Thursday night.
Police in Oakland on Thursday confirmed the arrest of a juvenile suspect in connection with an armed robbery and shooting that happened Wednesday morning.
Fire personnel in San Jose were unable to find any victims at the scene a partial roof collapse Friday afternoon at a South Bay recycling facility.
Eight suspected gang members from Monterey and Sacramento counties have been arrested in connection with a deadly shooting in San Jose earlier this year, police said.
Authorities in Santa Cruz County have identified a man who was a person of interest in a 1976 homicide near Aptos Village Park as the suspect in that murder.
International students who recently visited Stanford University are breathing a sigh of relief. After their passports and other important belongings were stolen, a group of Good Samaritans in San Francisco found the items and returned them to their rightful owners.
Police in Gilroy announced the arrests of five people following a fight that injured three men in the city's downtown earlier this week.
A rash of robberies targeting camera shops in the Bay Area continues with more stores getting hit, including two stores in the North Bay.
A forklift operator at a wine storage facility in Windsor was crushed to death by a pallet of wine on Thursday afternoon, authorities said.
After nearly 25 years, the remains of two Jane and John Does found in Sonoma County have been identified through the help of DNA technology, authorities said.
With President Trump announcing sweeping tariffs on imports, businesses that rely on goods from out of the country are worried.
San Francisco Bay has seen a recent influx of gray whales since late March, including one that washed ashore dead on a Marin County beach over the weekend.
Stephen Curry scored 36 points and the Golden State Warriors beat the Denver Nuggets 118-104 on Friday night for their fifth straight win.
As the ongoing debate over transgender students competing in female sports intensifies in California, in Oakland on Friday, a group of parents called for the California Interscholastic Federation to change its policy.
Willy Adames hit a winning two-run single with two outs in the 11th inning, sending the San Francisco Giants over the Seattle Mariners 10-9 Friday in their home opener to extend their winning streak to five.
The Colorado Rockies lost to the Athletics in their home opener at Coors Field. It was the third coldest home opener in Rockies history.
The Golden State Valkyries on Friday confirmed San Francisco's new WNBA franchise will have CBS Bay Area as the team's official media partner for its inaugural season.
Three correctional officers were injured in an attack by an inmate at a prison in Vacaville, authorities said.
Eight suspected gang members from Monterey and Sacramento counties have been arrested in connection with a deadly shooting in San Jose earlier this year, police said.
One man has died and another man was wounded following a shooting in West Oakland early Friday morning, police said.
Authorities in Santa Cruz County have identified a man who was a person of interest in a 1976 homicide near Aptos Village Park as the suspect in that murder.
International students who recently visited Stanford University are breathing a sigh of relief. After their passports and other important belongings were stolen, a group of Good Samaritans in San Francisco found the items and returned them to their rightful owners.
Dozens of protests across the Bay Area will take place Saturday with thousands mobilizing in opposition to President Donald Trump and Elon Musk as part of a nationwide protest.
Real estate software company RealPage has filed a federal lawsuit against city officials in Berkeley that have become the latest to try to block landlords from using algorithms when deciding rents.
UFC is joining up with Facebook's parent company Meta in a deal that will bring mixed martial arts to more fans around the world.
Amazon has expressed interest in buying TikTok ahead of deadline for ByteDance to sell the social media app or face a U.S. ban.
A University of California, Berkeley student has created an artificial intelligence startup to help people detect strokes and other medical emergencies and will be taking part in an innovation competition on Wednesday, the university said.
A fire involving a portable air compressor at the Martinez Refining Company on Wednesday night left one person injured, according to officials.
Tony's Chocolonely is recalling some products after consumers reported finding "small stones" in the chocolate bars.
A University of California, Berkeley student has created an artificial intelligence startup to help people detect strokes and other medical emergencies and will be taking part in an innovation competition on Wednesday, the university said.
As mass layoffs commenced nationwide for Department of Health and Human Services workers, one employee seen leaving the Nancy Pelosi Federal Building in San Francisco Tuesday morning said she was "devastated" and "heartbroken."
Workers at University of California campuses in the Bay Area joined thousands of employees statewide Tuesday in a one-day strike, claiming unfair labor practices.
As the ongoing debate over transgender students competing in female sports intensifies in California, in Oakland on Friday, a group of parents called for the California Interscholastic Federation to change its policy.
The 39-year-old was deported last month after he left the U.S. and traveled to Mexico to visit his grandfather's grave.
The Supreme Court divided 5-4 in granting a DOJ request to pause a lower court order requiring the Education Department to reinstate grants to universities and nonprofits.
A deal to sell the widely popular platform remains a work in progress.
California Gov. Gavin Newsom sent a message directed at world leaders on Friday in an attempt to blunt the retaliatory tariffs expected after the Trump administration's "Liberation Day" plans.
The Trump administration is gearing up to investigate schools for potential Title IX violations for allowing transgender women to compete in women's sports, including San Jose State.
The NCAA updated its policy one day after the administration's order banning transgender athletes from competing on female teams.
The order directs that federally-run insurance programs, including TRICARE and Medicaid, exclude coverage for gender-affirming care for those under 19.
A Milpitas man convicted in the 2021 domestic violence murder of his transgender partner has been sentenced, prosecutors said.
John Ramos reports on how transgender advocates reacted to President Trump's announcement the government would only recognize two genders.
Bay Area thrash-metal guitar hero Gary Holt recently talked to CBS News Bay Area about his new memoir, upcoming plans for his band Exodus and returning to the stage with Slayer.
Influential '90s Bay Area metal outfit Machine Head brings its current co-headlining tour with In Flames to the Fox Theater in Oakland Saturday night.
Bruce Springsteen announced "Tracks II: The Lost Albums" will feature seven full-length albums that were never released from 1983-2018.
A groundbreaking heavy rock band that has shaped the sound of punk and metal for over 40 years, the Melvins bring their current tour with UK grindcore greats Napalm Death to San Francisco and San Jose.
Tony Bennett's children are in a legal battle over the singer's estate.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
It's considered the largest free jazz festival on the West Coast, but this year, the Fillmore may be filled with silence.
Kevin Ko reports on enthusiastic Giants fans descending on Oracle Park for the team's home opener.
Kenny Choi reports on what the Giants are doing with real estate investments in the neighborhoods around Oracle Park.
Kara St. Cyr reports on San Francisco Mayor Daniel Lurie pushing for new zoning that would allow for taller, denser housing developments.
Len Ramirez reports on beef farmers keeping a positive outlook on tariffs, while other agricultural products will be hit harder.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.