Homes "unaffordable" in 99% of nation for average American
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
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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.
The Biden administration has released a plan to ease the burden of housing costs for Americans amid high inflation. Danielle Hale, chief economist at Realtor.com, joined CBS News' Tanya Rivero and Mola Lenghi to discuss.
"All they care about is raising the rent because they only care about the money," said one disabled resident.
Company founder launched the concept after living in a "hacker house" that charged $1,000 per month for a bunk.
The Federal Reserve Bank of Dallas released a report outlining how the housing market is showing signs of a brewing housing bubble. Enrique Martínez-García, senior research economist and adviser with the Dallas Fed, joins "CBS News Mornings" with the details.
Amid rising mortgage rates and surging housing prices, one company is betting that 3D printing homes is a solution to the affordable housing crisis. Nancy Chen takes a look.
Lesley Stahl reports on how lack of construction in the 2010s has created a nationwide housing crisis, and opportunistic Wall Street firms have stepped in.
Trump says he scrapped a planned attack on Iran at the request of Gulf allies as "serious negotiations" on a peace deal are underway.
Survivors say they'd asked for more medical support before the Iranian drone strike that killed six U.S. soldiers at their command post in Kuwait in the war's first 24 hours.
The Internal Revenue Service is permanently barred from pursuing claims against President Trump or his company based on prior tax returns, part of a controversial settlement deal between the Justice Department and Mr. Trump.
One Republican lawyer close to the administration told CBS News that they expect the fund to face court challenges even though "a lot of people in MAGA world are already counting their money."
The indictment, which was first reported by CBS News, marks the latest in a series of probes by the Justice Dept. related to the COVID-19 pandemic.
Luigi Mangione supporters have loudly made their feelings known outside every court appearance, but several are now in court with official press passes.
A security guard who was among the victims killed in a shooting at the Islamic Center of San Diego is being hailed for his heroism and bravery during the attack.
President Trump has been openly mulling a takeover of Cuba similar to the operation that toppled Venezuela's Nicolás Madoro. What it would mean for the regime's leaders remains to be seen. Here are some of the figures to watch.
Voters are going to the polls Tuesday for primaries in several states, including the most expensive House primary in history.
Luigi Mangione supporters have loudly made their feelings known outside every court appearance, but several are now in court with official press passes.
The indictment, which was first reported by CBS News, marks the latest in a series of probes by the Justice Dept. related to the COVID-19 pandemic.
A summer job was once a seasonal tradition for millions of American teenagers. No more — here's why fewer young people are expected to clock in when school ends.
Polymarket users can now trade on private companies' valuations, IPOs and secondary market activity.
Buyers can still find lower-cost homes in some midsize cities, especially across the Rust Belt and Sun Belt, a new analysis finds.
A summer job was once a seasonal tradition for millions of American teenagers. No more — here's why fewer young people are expected to clock in when school ends.
Polymarket users can now trade on private companies' valuations, IPOs and secondary market activity.
Buyers can still find lower-cost homes in some midsize cities, especially across the Rust Belt and Sun Belt, a new analysis finds.
Many Americans are signaling disapproval of the technology amid fears that it will eclipse already competitive entry-level jobs.
Police in Spain arrested the son of Isak Andic, the billionaire founder of the Spanish fashion brand Mango, for allegedly having played a role in his December 2024 death.
The Internal Revenue Service is permanently barred from pursuing claims against President Trump or his company based on prior tax returns, part of a controversial settlement deal between the Justice Department and Mr. Trump.
The indictment, which was first reported by CBS News, marks the latest in a series of probes by the Justice Dept. related to the COVID-19 pandemic.
One Republican lawyer close to the administration told CBS News that they expect the fund to face court challenges even though "a lot of people in MAGA world are already counting their money."
There is concern among some in the Justice Department that the pending charges against him are weak, sources said.
President Trump endorsed Texas Attorney General Ken Paxton on Tuesday in the Texas Senate race, seeking to bring to an end a costly contest just a week ahead of the scheduled runoff.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
A missionary doctor who was serving in Congo will receive treatment in Germany after testing positive for Ebola. Skyler Henry has the latest.
An American medical missionary in the Democratic Republic of the Congo was evacuated after testing positive for Ebola.
The virus behind the latest Ebola outbreak is the Bundibugyo virus, which is less common and there is no vaccine or treatment.
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
There is concern among some in the Justice Department that the pending charges against him are weak, sources said.
President Trump has been openly mulling a takeover of Cuba similar to the operation that toppled Venezuela's Nicolás Madoro. What it would mean for the regime's leaders remains to be seen. Here are some of the figures to watch.
Iranian state media showed wedding ceremonies in Tehran for dozens of couples said to have volunteered for "self-sacrifice" in the war with the U.S.
Sana Yousaf's murder in June drew nationwide condemnation and reignited debate over women's safety.
Survivors say they'd asked for more medical support before the Iranian drone strike that killed six U.S. soldiers at their command post in Kuwait in the war's first 24 hours.
Actor Beanie Feldstein told "CBS Mornings" she and wife Bonnie-Chance Roberts are expecting a baby girl.
Actor Beanie Feldstein talks about the theme of her debut children's book, which focuses on the power of friendship. She also discusses becoming a parent soon and starring in a new film with Robert De Niro.
Rob Cesternino, a 2-time "Survivor" castaway, talks about the upcoming "Survivor 50" finale, who he think will make the final three and who is his favorite to win the game.
Golden Globe-nominated actor Hayden Panettiere shares her story and opens up about life in the spotlight as a young actor, postpartum depression and her healing journey.
Jane Pauley hosts our annual look at design. Featured: Tiny homes in your backyard; Louis Vuitton; Adobe house construction; Finland's Marimekko; domino art; Philadelphia food favorites; chandeliers; Longwood Gardens; rare maps; and director Jon Favreau of "The Mandalorian and Grogu."
Privacy concerns about artificial intelligence are growing after people discovered that chatbots are sharing their real phone numbers. Eileen Guo, investigative tech reporter for MIT Technology Review, joins to discuss.
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and its top executives. CBS News legal contributor Jessica Levinson breaks down the case.
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.
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent reports.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
Imam Taha Hassan of the Islamic Center of San Diego tells CBS News about the beloved security guard and members of his mosque who died "sacrificed their lives for the entire community" during Monday's shooting.
Investigators gave an update Tuesday on Monday's deadly shooting at a mosque in San Diego. CBS News' Lana Zak and Anna Schecter have the latest.
Luigi Mangione supporters have loudly made their feelings known outside every court appearance, but several are now in court with official press passes.
Officials in San Diego took questions Tuesday about Monday's shooting at the Islamic Center of San Diego, giving new details on some of the heroic actions taken by the three victims to draw the shooters away from the children who were present at the mosque. Following the news conference, CBS News national correspondent Lana Zak provided additional reporting.
Mayor Todd Gloria joins CBS News to discuss Monday's shooting at the Islamic Center of San Diego that killed three people.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
For weeks, President Trump has been on a crusade to impose party discipline by devoting his energy and millions upon millions in GOP dollars to defeating wayward Republicans. The biggest contest of Mr. Trump's purity passion play comes on Tuesday night: Rep. Thomas Massie's primary race against Ed Gallrein in Kentucky. CBS News chief Washington correspondent Major Garrett has more.
Privacy concerns about artificial intelligence are growing after people discovered that chatbots are sharing their real phone numbers. Eileen Guo, investigative tech reporter for MIT Technology Review, joins to discuss.
Imam Taha Hassan of the Islamic Center of San Diego tells CBS News about the beloved security guard and members of his mosque who died "sacrificed their lives for the entire community" during Monday's shooting.
The National Transportation Safety Board on Tuesday questioned UPS, Boeing and other aviation officials about maintenance and possible safety failures related to the deadly 2025 UPS plane crash in Kentucky. CBS News' Shanelle Kaul has more.
Investigators gave an update Tuesday on Monday's deadly shooting at a mosque in San Diego. CBS News' Lana Zak and Anna Schecter have the latest.