Chasing the American Dream
A growing number of young people see themselves as "forever renters" because they can't afford to buy a home, due to short supply, higher mortgage rates, and incomes that haven't kept up with rising home prices.
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A growing number of young people see themselves as "forever renters" because they can't afford to buy a home, due to short supply, higher mortgage rates, and incomes that haven't kept up with rising home prices.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
Mortgage rates have fallen to their lowest level since 2022, and now borrowers can find even lower-cost loans, experts said.
A third of all American households spend more than 30% of their income on rent or mortgage payments. Jared Bernstein, a senior fellow at the Center for American Progress, joins "The Takeout" to make the case for his plan to increase the supply of affordable housing rapidly.
As more U.S. homeowners struggle to keep up with mortgage payments and maintenance costs, new data shows the number of property foreclosures is steadily rising. CBS News contributor Javier David has more.
The cost of both owning and renting a home in the U.S. is rising, according to Census Bureau data, squeezing millions of Americans.
The U.S. economy has a case of food-flation. Wholesale prices for fresh veggies soared by a record amount last month while grocery costs were up 2.2% compared to last year. Lisa Rozner reports on how consumers are dealing with rising costs.
A recent Harvard University study found the median home price of nearly $400,000 is almost five times the average income, but three times is considered affordable -- a ratio that has skewed sharply since COVID-19. Kelly O'Grady reports.
In June, the median U.S. sale price for a home hit a record high of $396,000, according to Redfin.
For years, the U.S. housing market has boomed, pricing many out of their financial comfort zone and the market. Now, home prices are showing signs of cooling off. CBS News New York's Ali Bauman has details for buyers and sellers.
Personal finance site SmartAsset ranked these cities as the best markets for first-time buyers in terms of affordability and other factors.
Rising home prices and persistent inflation are impacting how millennials and Gen Zers feel financially. CBS News contributor Javier David explains.
Expired sales labels led to overcharges on more than 150 grocery items, according to an investigation led by Consumer Reports and others.
When President Trump was on the campaign trail, he promised to lower the prices of all goods on "day one" of his second term. Since he took office in January, he has repeatedly claimed that the price of energy, groceries, eggs and homes have dramatically dropped. CBS News Confirmed executive editor Rhona Tarrant fact-checks these claims.
The average rate for a standard 30-year fixed mortgage climbed to 6.83% this week. That's up a quarter of a percentage point from the week before and the highest rate in two months. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
In these major U.S. cities, a family of three earning $100,000 would have a hard time covering basic expenses.
With back and forth from the Trump administration on tariff plans, some home builders and buyers are raising concerns about the long-term impact on the housing industry. President and CEO of the National Association of Home Builders Jim Tobin joins "The Daily Report" with his perspective. After that, CBS News journalists ask Americans their top questions about tariffs. CBS News' Jill Schlesinger and Kelly O'Grady have answers.
With spring selling season just around the corner, buyers may start to see a slight thaw of the real estate market. CBS News business analyst Jill Schlesinger explains.
A Florida company says its new technology is helping to build homes faster and at a lower cost amid the impacts of climate change.
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
More than 5 million Americans will leave areas being impacted by climate change this year, according to study.
Homeowners in the U.S. are getting older as the dream of buying a house slips further out of reach for many Americans.
Robert and Cortney Novogratz, famous for their out-of-the-box designs that blend creativity with family living, discuss their new book, The Novogratz Chronicles. The couple shares advice on how to refresh your home decor without fear.
Arizona is one of the seven battleground states that will help determine the result of the 2024 presidential election. The state's Senate race could also determine the balance of power in Congress and a ballot measure will decide the state's abortion laws. Arizona Republic national political reporter Ron Hansen joins "The Daily Report" to discuss Arizonans' top issues.
The leaders of Lebanon and Israel agreed to start a 10-day truce at 5 p.m. Eastern Time Thursday.
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
GOP Rep. Anna Paulina Luna told CBS News that Democratic Sen. Ruben Gallego was the previously unnamed senator whom she accused of "very disturbing" conduct. Gallego has denied all wrongdoing.
The House OK'd a short-term renewal until April 30 of FISA, the controversial surveillance program used by U.S. spy agencies, after Republicans revolted, refusing President Trump's push for a longer extension.
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
CBS News reported Wednesday that Dr. Erica Schwartz was emerging as the president's top pick for the role.
CBS News projects that Democrat Analilia Mejia will win the special election in New Jersey's 11th Congressional District, a seat formerly held by Gov. Mikie Sherrill.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Singer and songwriter d4vd has been arrested on suspicion of murder for the death of a 14-year-old whose dismembered body was found last year in a Tesla belonging to the singer.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
A munitions company that handles explosives for the U.S. military is facing a fine of over $3 million after an explosion killed 16 people last year.
Hint: It involves AI, and a LinkedIn economist says employers are clamoring for people to fill these roles.
NPR said the donation from Ballmer, the largest to the public radio network by a living donor, will help offset the loss of federal funding in 2025.
A federal agency will open a portal on April 20 that lets businesses apply for a refund for Trump tariffs struck down by the Supreme Court.
With another round of U.S.-Iran peace talks on the horizon, investors are optimistic that the war will wind down.
The lawsuit involved dozens of states that alleged Live Nation undermined competition and drove up ticket prices.
The House OK'd a short-term renewal until April 30 of FISA, the controversial surveillance program used by U.S. spy agencies, after Republicans revolted, refusing President Trump's push for a longer extension.
GOP Rep. Anna Paulina Luna told CBS News that Democratic Sen. Ruben Gallego was the previously unnamed senator whom she accused of "very disturbing" conduct. Gallego has denied all wrongdoing.
Todd Lyons, the acting head of U.S. Immigration and Customs Enforcement, is planning to leave the federal government later this spring.
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
President Trump nominated a new director for the Centers for Disease Control and Prevention on Thursday. Dr. Erica Schwartz is a former deputy surgeon general and retired Coast Guard rear admiral.
Health Secretary Robert F. Kennedy Jr. testified before the House Ways and Means Committee on Thursday, kicking off an expected sprint of seven budget hearings he'll attend over the next week.
CBS News reported Wednesday that Dr. Erica Schwartz was emerging as the president's top pick for the role.
Ibogaine is used in Mexico and the Caribbean to treat depression, anxiety, addiction and brain trauma.
According to new CDC data, there were 3.6 million U.S. births in 2025, a 1% decline from 2024 and down 23% since 2007. The Trump administration has said it wants to reverse this trend.
The technology would enhance Iran's ability to detect and track incoming threats, like low-flying drones and cruise missiles.
Cuban President Miguel Díaz-Canel says that while Cuba does not want military aggression from the United States, his country is prepared to fight back.
Few Republicans have been willing to distance themselves from the president as the war's end remains uncertain.
Defense Secretary Pete Hegseth said Thursday thatthe U.S. military can "make the transition" from the blockade to "major combat operations."
An Australian judge turned away an appeal by former U.S. Marine pilot Daniel Duggan to avoid extradition to the U.S. over allegations that he illegally trained Chinese military aviators more than a decade ago.
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
(Warning: Spoilers ahead!) "CBS Mornings" reveals a surprising twist in Wednesday's "Survivor 50" episode that led to a historic trial council ceremony.
A jury ruled that Live Nation and Ticketmaster operated as an illegal monopoly. Variety's Jem Aswad joins CBS News with more.
Simon Helberg, known for his role as Howard in "The Big Bang Theory," talks about the new show "The Audacity." Helberg plays a developer who is creating an AI companion. He explains what drew him to the role and discusses the show's messages about humanity and technology.
Controversial influencer Clavicular said he is home from the hospital after his livestream abruptly ended on Tuesday night. CBS News' Matt Gutman reports and The Free Press' River Page has more.
Actor Val Kilmer died last April, and yet he is starring in a new movie, made after his death. Jo Ling Kent reports on how filmmakers resurrected his voice and image by using artificial intelligence.
More concerns are emerging about Anthropic's new Mythos AI model. Matt Shumer, a former AI company founder and CEO, joins CBS News with more details.
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.
U.S. officials are warning of Iranian cyberattacks on businesses and consumers. It comes as a new FBI report shows losses from cybercrime reached nearly $21 billion last year. Ash-har Quraishi shows how hackers are using artificial intelligence, and how you can protect yourself.
U.S. utility companies are planning to invest $1.4 trillion over the next five years to help strengthen the nation's power grid, according to a new report released Tuesday by the nonpartisan nonprofit consumer education organization PowerLines. CBS News MoneyWatch reporter Megan Cerullo has more details.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Police in Virginia say the former Lt. Gov. Justin Fairfax died after he shot and killed his wife and then turned the gun on himself. Nicole Sganga reports.
Just after midnight on Thursday, police say former Virginia Lt. Gov. Justin Fairfax killed his wife and then himself in their home. Both of their teenage children were home at the time of the incident. CBS News homeland security correspondent Nicole Sganga reports.
New JAMA network research data shows a sharp increase in the number of people who died while in ICE detention last year. CBS News' Camilo Montoya-Galvez reports.
Gregory Morgan Jr. of Temple Hills, Maryland, was charged Thursday morning with two counts of second-degree assault in the Feb. 5 incident.
Damon Jones was among dozens of people, including alleged mafia figures and athletes, charged last year in connection with a pair of gambling schemes.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
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.
Lindsey Reiser anchors a special CBS News 24/7 report on the blockade against Iranian ports, the effective closure of the Strait of Hormuz and the current state of the war with Iran.
CBS News' Lana Zak spoke with some Americans about their thoughts on the conflict with Iran and its impact on the economy.
President Trump has repeatedly claimed that the war with Iran is "almost over." He has also stated multiple times that the U.S. is close to accomplishing "all of its goals" in Iran. CBS News' Robert Costa reports and Michael Doran, director of the Center for Peace and Security in the Middle East at the Hudson Institute, have more.
Earlier this week, President Trump turned his criticism toward an unlikely subject- Pope Leo. Michael O'Loughlin, the executive editor of the National Catholic Reporter, joins "The Daily Report."
Ceasefire begins between Israel and Lebanon; U.S. blockade of Iranian ports continues for a fourth day.