The federal government can do more about home costs than you think
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
The cost to buy a home is historically high, but Congress and the administration can do much more, experts say.
A new study by the Brookings Institution examines the role immigration has played in allowing the U.S. job market to grow faster without stoking inflation. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joins CBS News to explain how migrants contribute to job growth and U.S. demand.
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
New data from the Labor Department shows inflation rose slightly to 3.4% in December. Morning Consult economist Sofia Baig joins CBS News to explain what's behind the numbers.
A new analysis of listings in 97 of the most populous U.S. metropolitan areas found that just 15.5% of homes for sale last year were affordable for the typical household.
Los Angeles is home to about 46,000 people who are considered homeless, but Mayor Karen Bass is working to change that.
The economy is the issue voters most care about when thinking ahead to the 2024 presidential elections, according to a CBS News poll. CBS News correspondent Lana Zak met with Georgia voters who are divided on the state of the economy.
With mortgage rates topping 8%, some home buyers are hoping to see some relief with the Federal Reserve's next decision.
The average rate for a 30-year home loan crossed the 8% threshold this week, deepening the affordability crisis for homebuyers.
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
The nation's housing prices are seeing their first year-over-year decline since 2012. That decline, however, was not felt across the board. While prices fell in cities like Seattle, San Francisco and Las Vegas, home buyers in places like Miami, Chicago and Atlanta were asked to pay more. Wall Street Journal housing reporter Nicole Friedman joins CBS News to break down what's going on in the housing market.
Housing prices have made home ownership for many young LGBTQ+ Americans feel out of reach. But in Peoria, Illinois, the affordable housing and welcoming community have helped many buck that trend. Lilia Luciano has the story.
New data shows that U.S. home prices fell 0.2% in January, the seventh consecutive month prices have gone down. Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News's Errol Barnett and Lana Zak to discuss where prices are falling fastest and what to expect in the coming months, as the Federal Reserve may continue its interest rate hikes.
An estimated 60 million Americans live in households with two or more adult generations, according to numbers from the Pew Research Center.
New York City Mayor Eric Adams wants to convert underused office space into new housing. Dan Garodnick, the director of the New York City Department of City Planning and chair of the City Planning Commission, joined John Dickerson on "Prime Time" to discuss the mayor's plan.
The average rate on a 30-year fixed-rate mortgage now sits at 6.92%, the highest it has been since 2002.
A program organized more than 40 years ago by East Brooklyn churches helped build a community within a destitute neighborhood, and has since enabled hundreds of first-time homeowners to build equity - and hope for the future.
Treasury Secretary Janet Yellen traveled to Michigan Thursday to promote President Biden's economic accomplishments. Mark Zandi, chief economist for Moody's Analytics, joins CBS News' John Dickerson to discuss the latest on the state of the economy.
School districts across the country are grappling with a teacher shortage -- and communities where housing is unaffordable are being hit the hardest. In "Eye on America," CBS News' Jonathan Vigliotti shows how one district is fighting the problem by providing low-cost housing.
The affordability crisis in housing has only gotten worse thanks to rising mortgage rates. As a part of our series "MoneyWatch: The Uncertain Economy," CBS News correspondents Errol Barnett and Tanya Rivero break down the relationship between mortgage rates and inflation.
Rising rent prices have sparked housing bidding wars among renters who struggle to find affordable housing. Carter Evans has more.
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial continued for a second day Thursday.
One member of Israel's government says Hamas loves Mr. Biden, but other Israelis worry their leaders are losing the vital war for global support.
A convicted murderer who survived a botched lethal injection is now set to be executed by nitrogen hypoxia in Alabama.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
The changes immediately open new doors for LGBTQ members — but over a quarter of U.S. congregations have already left the UMC, and more could follow.
More than 1,400 teens from ages 13 to 17 participated in the survey last fall, answering questions on various aspects of their relationship with video games.
Ascension said it responded immediately, and access to some systems has been interrupted with remediation efforts in progress.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
Allan W. Knepper, 27, was among a squadron that encountered heavy anti-aircraft fire during an attack on Axis powers in July 1943.
Disney and Warner Bros. Discovery plan to launch a combined Disney+, Hulu and Max streaming service this summer.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
A convicted murderer who survived a botched lethal injection is now set to be executed by nitrogen hypoxia in Alabama.
More than 1,400 teens from ages 13 to 17 participated in the survey last fall, answering questions on various aspects of their relationship with video games.
Disney and Warner Bros. Discovery plan to launch a combined Disney+, Hulu and Max streaming service this summer.
A new study of low- and moderate-income students in California finds that most recoup their educational costs after only a few years.
Ascension said it responded immediately, and access to some systems has been interrupted with remediation efforts in progress.
Justice Department accuses Hyundai Capital America of failing to obtain court orders before repossessing service members' cars.
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Stormy Daniels' rapid-fire and sensational testimony in Donald Trump's criminal trial continued for a second day Thursday.
Democrats running for office are using abortion rollbacks to galvanize voters, with abortion rights ballot initiatives amplifying their lines of attack.
The judge overseeing former President Donald Trump's "hush money" trial gave Trump permission to attend Barron Trump's high school graduation later this month.
Greene's move marked a reversal from a day earlier, when the Georgia Republican appeared to retreat from her threat to trigger a vote to remove Johnson as speaker.
The Biden administration is planning to announce a new regulation designed to allow immigration officials to deport migrants ineligible for U.S. asylum earlier in the process.
Almost 650,000 people aged 18 to 64 died of a drug overdose from 2011 to 2021, researchers found.
Regional grocery chains separately recall cheese spreads sold across the Midwest because they may be tainted with bacteria.
The American Cancer Society is trying to find out why Black women have the highest death rate for most cancers.
The trend of teens and tweens obsessing over skin care is "at its max," one dermatologist says.
According to a new study, "vehicles are likely important sources of human exposure to potentially harmful" flame retardants.
Allan W. Knepper, 27, was among a squadron that encountered heavy anti-aircraft fire during an attack on Axis powers in July 1943.
One member of Israel's government says Hamas loves Mr. Biden, but other Israelis worry their leaders are losing the vital war for global support.
The blue lobster could have sold for roughly $30 based on her size, but it was decided to donate her to an aquarium to keep her safe instead.
Nine men were found dead in the city of Morelos in Zacatecas — a day after nine bodies were found on an avenue in the city of Fresnillo.
A Japanese breadmaker "would like to apologize deeply for causing trouble" after black rat parts were found in 2 sliced break packets.
Award-winning actor Rainn Wilson, famed for his role as Dwight Schrute in "The Office," joins "CBS Mornings" to talk about hosting the new podcast 'Soul Boom,' inspired by his bestselling book.
UmaSofia Srivastava resigned as Miss Teen USA on Wednesday, just two days after Noelia Voigt stepped down as Miss USA.
"Grotesquerie" star Niecy Nash took to social media to show off her new co-worker, Travis Kelce, on the new horror-drama TV series by "American Horror Story" creator Ryan Murphy.
Brian Fox, a fellow producer and engineer at Albini's Electrical Audio studio in Chicago, confirmed Albini passed away Tuesday night from a heart attack.
As part of AAPI month, "CBS Mornings" partnered with the organization Gold House to celebrate its A 100 list, which recognizes this year's most impactful Asian-Pacific leaders. One of the honorees is actor Hoa Xuande. You may recognize him for his lead role in the HBO show "The Sympathizer." He stars alongside Sandra Oh and Robert Downey Jr. Jo Ling Kent met the rising star, whose unlikely Hollywood journey shows no signs of stopping.
An undercover sting operation in New Mexico is renewing calls by law enforcement for social media platforms to do more to protect kids online. Bodycam video exclusively obtained by CBS News shows how police took down a suspected sexual predator allegedly targeting kids on Facebook messenger.
A new Microsoft report shows that 75% of workers now use artificial intelligence at their jobs. Jared Spataro, Microsoft's corporate vice president of AI at work, joins CBS News to discuss how the technology is changing workplaces.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Artificial intelligence has revolutionized how millions work and the same is true for militaries worldwide. Autonomous weapons systems are already on the battlefield in Ukraine and Gaza. Dr. C. Anthony Pfaff, research professor at U.S. Army War College, joins CBS News to discuss.
Santiago Paredes spent a decade doing final inspections on 737 fuselages for Spirit AeroSystems, one of Boeing's largest suppliers. He says he filed an ethics complaint when his managers asked him to speed up inspections about where he was finding issues, and when he was ignored, he eventually resigned. He spoke exclusively to Kris Van Cleave.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
Boeing's Starliner was set to make its maiden voyage to the International Space Station, with its first piloted launch Monday night. But the launch, already pushed back following years of delays, was scrubbed with less than two hours to go before liftoff. Mark Strassmanm reports.
Reported sightings of giant, toxic, invasive hammerhead flatworms are on the rise in parts of southeastern Canada. Experts say the worms can grow up to 3 feet long and pose a risk to children, pets and other small animals. Peter Ducey, PH.D. and distinguished teaching professor at SUNY Cortland, joins CBS News to discuss the worm.
When NASA added a tiny four-pound helicopter as a stowaway to its Mars 2020 lander, it expected the helicopter to fly five very brief flights in the thin Martian atmosphere. Yet, Ingenuity would far surpass all expectations.
Nine men were found dead in the city of Morelos in Zacatecas — a day after nine bodies were found on an avenue in the city of Fresnillo.
The suspect's girlfriend reportedly told investigators he showed up at her house and told her he had done something to "three gringos."
Campus police discovered an assault rifle registered to the student, as well as several high-capacity magazines, ammunition and "hand-drawn images in a journal depicting a violent act."
A sting, part of "Operation MetaPhile," led to the arrests of two men at the same New Mexico motel Tuesday.
Florida sheriff deputies burst into the wrong apartment and fatally shot Senior Airman Roger Fortson, Civil rights attorney Ben Crump said.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
The so-called super Earth — known as 55 Cancri e — is among the few rocky planets outside our solar system with a significant atmosphere.
In the video, the surface of the sun appears furred with dark yellow material as beams of gold swoop overhead.
United Launch Alliance decided to replace a suspect valve in the Atlas 5 rocket's upper stage, delaying launch to late next week.
The visualization, produced on a NASA supercomputer, allows users to experience flight towards a supermassive black hole.
The 2024 Met Gala saw hundreds of celebrities looking their best on fashion's biggest night.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
Senior Airman Roger Fortson was in his off-base apartment last week in Florida when deputies burst through his door and shot him six times after seeing he was armed with his legally owned gun, according to civil rights attorney Ben Crump. The 23-year-old later died at a hospital.
Stormy Daniels is back on the witness stand in former President Donald Trump's New York criminal trial. Trump's attorneys will continue their cross-examination of the adult film star. CBS News correspondent Errol Barnett has more.
Mother's Day is this weekend and if you're still trying to figure out what to get your mom, maybe a getaway is the answer. Erin Florio, executive editor of Condé Nast Traveler, joined CBS News with some ideas on where to go.
Airbnb CEO Brian Chesky has introduced "Icons," a new collection of unique experiences. This collection features stays at the "X-Men" mansion, the Minneapolis house from "Purple Rain" complete with exclusive Prince music, a private tour in the clocktower room of Musée d'Orsay and an immersive visit to the Ferrari Museum in Italy.
Award-winning actor Rainn Wilson, famed for his role as Dwight Schrute in "The Office," joins "CBS Mornings" to talk about hosting the new podcast 'Soul Boom,' inspired by his bestselling book.