Mortgage rates haven't been this high since 2000
The average interest rate on a typical mortgage is now 7.49%, worsening the nation's housing affordability crunch.
Affordable Housing
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.
Rents are falling more slowly in U.S. suburbs than in cities
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
Home costs rise on East Coast, fall in West
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.
Illinois city becomes haven for LGBTQ community
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.
Home prices fall for 7th straight month
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.
Difficult economy and loneliness forces some retirees to move in with family
An estimated 60 million Americans live in households with two or more adult generations, according to numbers from the Pew Research Center.
Can NYC turn underused offices into housing?
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.
Some real estate markets cooling as mortgage rates hit 20-year high
The average rate on a 30-year fixed-rate mortgage now sits at 6.92%, the highest it has been since 2002.
Nehemiah: Making the American Dream possible for first-time homeowners
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.
Yellen says U.S. economy headed in right direction
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 uses new plan to fight teacher shortage
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.
Inflation's impact on mortgage rates
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.
Renters outpriced in housing bidding wars
Rising rent prices have sparked housing bidding wars among renters who struggle to find affordable housing. Carter Evans has more.
Gov't moves to ease burden of housing costs
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.
Mobile home rents jump as rich investors buy trailer parks
"All they care about is raising the rent because they only care about the money," said one disabled resident.
Bay Area startup offers sleeping pods for $800 a month
Company founder launched the concept after living in a "hacker house" that charged $1,000 per month for a bunk.
Economists warn housing bubble may be brewing
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.
Company prints 3D homes to ease housing crisis
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.
Why are rents skyrocketing across the country?
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 promised to lower prices for Americans. Here's what the data shows.
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