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 the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
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.
Three men were arrested last week on suspicion of attempted murder in connection with a violent machete attack in East San Jose in June.
Sonoma County is seeing a battle pitting family-owned farms against a ballot measure that would possibly shut down their operations.
When Jodeen Percey of Concord first started her little library, it was never meant to be a big deal.
The Fed's decision to cut interest rates is sure to have an impact on the Bay Area real estate market, with the move encouraging both potential home sellers and buyers to get into the action.
A recently naturalized citizen who has lived in the U.S. for nearly 30 years is eager to exercise her right to vote in the upcoming November election.
Three men were arrested last week on suspicion of attempted murder in connection with a violent machete attack in East San Jose in June.
Sonoma County is seeing a battle pitting family-owned farms against a ballot measure that would possibly shut down their operations.
When Jodeen Percey of Concord first started her little library, it was never meant to be a big deal.
The Fed's decision to cut interest rates is sure to have an impact on the Bay Area real estate market, with the move encouraging both potential home sellers and buyers to get into the action.
A recently naturalized citizen who has lived in the U.S. for nearly 30 years is eager to exercise her right to vote in the upcoming November election.
The Fed's decision to cut interest rates is sure to have an impact on the Bay Area real estate market, with the move encouraging both potential home sellers and buyers to get into the action.
Gov. Gavin Newsom just signed three bills into law requiring social media companies to do more to police deepfake videos, especially as we head into this year's election cycle. Meanwhile, a company is using its own technology to fight back.
Mike Yastrzemski homered on the game's first pitch, Michael Conforto also hit a solo shot and the San Francisco Giants beat the sinking Baltimore Orioles 5-3.
An employee of Williams-Sonoma is facing multiple federal charges after he allegedly defrauded the San Francisco-based home furnishings company out of more than $10 million, authorities said.
An employee at a middle school in East Palo Alto has pleaded not guilty to charges alleging that he committed lewd acts with a seventh-grade student there, San Mateo County prosecutors said Wednesday.
When Jodeen Percey of Concord first started her little library, it was never meant to be a big deal.
The San Pablo Baseball Association is trying to recover from a devastating act of arson earlier this week that destroyed much of the youth league's equipment just days before games were set to start.
Shea Langeliers homered twice, including a towering solo drive that cleared the Wrigley Field bleachers in left, and the Oakland Athletics beat the Chicago Cubs 4-3.
The city of Oakland on Tuesday continued cleaning up a large homeless encampment near Martin Luther King Jr. Way and 23rd Street.
San Francisco officials have filed a motion against Oakland International Airport to stop using "San Francisco Bay" in its name, claiming travelers have confused the recently renamed East Bay airport with SFO.
Three men were arrested last week on suspicion of attempted murder in connection with a violent machete attack in East San Jose in June.
A recently naturalized citizen who has lived in the U.S. for nearly 30 years is eager to exercise her right to vote in the upcoming November election.
At her home in San Jose, 91-year-old Terry Asquith looks back at how she's given the gift of life to at-risk babies. 50 years ago, she founded the nation's oldest nonprofit milk bank, Mothers' Milk Bank.
A cyclist has died after he was struck by a driver in Campbell Wednesday morning, police said.
Dozens of San Mateo County deputies and their supporters gathered outside the County Center in Redwood City on Tuesday to air their grievances against Sheriff Christina Corpus and her Chief of Staff Victor Aenlle.
Sonoma County is seeing a battle pitting family-owned farms against a ballot measure that would possibly shut down their operations.
More than a year and a half ago, the West Marin town of Bolinas lost its post office over a dispute with a building owner, leaving residents with no local mail service.
Vallejo officers arrested a suspect in a shooting that killed a woman in the city earlier this week, according to police.
An exit route that Sonoma County residents once used to escape a raging wildfire is now blocked, and residents are blaming it on the county's bureaucracy.
San Rafael fire crews quickly doused a Dumpster fire that spread to vehicles parked at two businesses early Tuesday morning, authorities said.
Tyler Soderstrom homered and was 2 for 4 and Zack Gelof hit a double to take the lead in the eighth as the Athletics beat the Cubs 5-3, leading the Milwaukee Brewers to become the first major league team to earn a spot in the playoffs, on Wednesday.
Cross-country trips will become much more common for the Cal Bears and Bay Area rival Stanford now that the two schools are a few games into their first season in the ACC.
Shea Langeliers homered twice, including a towering solo drive that cleared the Wrigley Field bleachers in left, and the Oakland Athletics beat the Chicago Cubs 4-3.
Blake Snell struck out 12 over six innings and allowed just one hit to carry the San Francisco Giants past the faltering Baltimore Orioles 10-0.
Shota Imanaga struck out a career-high 11 in winning his fifth straight start, Dansby Swanson homered while tying his season high with four RBIs and Chicago Cubs defeated the Oakland Athletics 9-2.
Three men were arrested last week on suspicion of attempted murder in connection with a violent machete attack in East San Jose in June.
An employee of Williams-Sonoma is facing multiple federal charges after he allegedly defrauded the San Francisco-based home furnishings company out of more than $10 million, authorities said.
An employee at a middle school in East Palo Alto has pleaded not guilty to charges alleging that he committed lewd acts with a seventh-grade student there, San Mateo County prosecutors said Wednesday.
A judge sentenced a Northern California woman to nine years in prison on Tuesday for fraudulently obtaining more than $1 million in unemployment benefits during the height of the COVID pandemic.
A cyclist has died after he was struck by a driver in Campbell Wednesday morning, police said.
Gov. Gavin Newsom just signed three bills into law requiring social media companies to do more to police deepfake videos, especially as we head into this year's election cycle. Meanwhile, a company is using its own technology to fight back.
Craigslist founder says the U.S. is in the midst of a cyberwar and "the fight is on our own shores."
Thousands of tech industry insiders and career hopefuls crowded downtown San Francisco's streets for the first day of Dreamforce.
AT&T failed to ensure that a third-party vendor adequately protected the telecom carrier's customers, regulators say.
Google said it would halt plans to develop a major $200 million data center in Chile to address environmental concerns
At her home in San Jose, 91-year-old Terry Asquith looks back at how she's given the gift of life to at-risk babies. 50 years ago, she founded the nation's oldest nonprofit milk bank, Mothers' Milk Bank.
A pilot program launched in San Francisco earlier this year is providing outreach to help fentanyl users on the city's streets.
The function is not a diagnostic tool, but can tell watch-wearers if they are exhibiting signs of sleep apnea.
Thanks to vaccinations, measles was declared eliminated in the U.S. in 2000. But measles cases are now back; one reason is that more families have exempted their children from routine immunizations than ever before.
San Francisco voters will be asked to consider two separate bond measures in the upcoming November election, one for schools and another for investments in medical facilities and public spaces.
Sonoma County is seeing a battle pitting family-owned farms against a ballot measure that would possibly shut down their operations.
A recently naturalized citizen who has lived in the U.S. for nearly 30 years is eager to exercise her right to vote in the upcoming November election.
Gov. Gavin Newsom just signed three bills into law requiring social media companies to do more to police deepfake videos, especially as we head into this year's election cycle. Meanwhile, a company is using its own technology to fight back.
Elizabeth Cook speaks with SF mayoral candidate Daniel Lurie, a nonprofit executive and the only outsider in the City Hall race, about his vision for San Francisco.
Donald Trump is proposing to reverse a key element of his signature 2017 tax law that affected millions of homeowners. Here's what to know.
This Sunday, downtown Oakland will come alive with color, music, and celebration as big crowds gather for the 14th Annual Oakland Pride Parade and Festival.
The Riot Party held at Kapwa Gardens was a powerful reminder of the progress made in the fight for LGBTQ rights and the work that remains.
Oakland native Shay Franco-Clausen arrived at the Democratic National Convention hoping to witness history with fellow Oakland native Kamala Harris officially accepting the party’s nomination to run for President. Ryan Yamamoto reports.
In the heart of San Francisco's Tenderloin neighborhood, one figure stands out as a beacon of resilience and a living testament to the community's transformation.
As if it were just another day at work, San Francisco Fire Chief Jeanine Nicholson spoke to city leaders and colleagues who had gathered to celebrate her retirement at the city's fire department headquarters Wednesday.
The "Jimmy Carter 100" concert will be aired in full on Georgia Public Broadcasting on Oct. 1, Carter's birthday.
A gifted performer who has been dazzling audiences with her explosive live shows for decades, funk/soul singer Nikka Costa plays songs from her new album 'Dirty Disco' at Berkeley's Cornerstone Sunday night.
Local progressive thrash outfit Blind Illusion plays songs from its latest album 'Wrath of the Gods' at the Ivy Room in Albany Friday night.
Sean "Diddy" Combs pleaded not guilty to federal charges on Tuesday after he was taken into custody in New York.
A leading light of the Bay Area heavy rock underground during the late 1990s and 2000s, reunited Oakland band Drunk Horse plays Thee Stork Club in Oakland Saturday.
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.
Kelsi Thorud reports on arrests made in San Jose in connection to a violent attack. 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
Itay Hod reports on a not-so-little free library in Concord. 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
Kenny Choi reports on a measure in Sonoma County that farmers say would affect them if it passes. 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
CBS News Bay Area evening edition headlines for Sept. 18, 2024. Watch full newscasts streamed at the CBS SF website or on the app.
John Ramos reports on Bolinas residents suffering through a year and a half of the town's post office being closed.
At her home in San Jose, 91-year-old Terry Asquith looks back at how she's given the gift of life to at-risk babies. 50 years ago, she founded the nation's oldest nonprofit milk bank, Mothers' Milk Bank.
The only therapeutic pool of its kind on the Peninsula is back open again, thanks in large part to one local woman who dived in to save it.
A local shop owner who some call the Mayor of the Broadway business district in Burlingame has long been the go-to person when area merchants have a problem.
Swimming lessons are not simply a summer activity but a weekly highlight for differently-abled children in a popular aquatic program that has lasted for more than three decades.
A Marin County couple is kicking off their 20th year making sure senior citizens don't go hungry, and they have no plans to retire even though they're older than some of the people they serve.
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.
A onetime pupil has now become a student advisor, giving back after years of mentorship led him to success.