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.
Democrats are investigating clemency recipients who may have obtained favorable treatment from Trump or his advisers.
As President Trump again voices optimism that Iran will "make a deal" to end the war, Tehran declares itself the regulator of Strait of Hormuz shipping.
A CBS News visual investigation is revealing new details of an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
The acting attorney general is touting the administration's stepped-up denaturalization efforts.
The storms collapsed hundreds of homes, downed trees and knocked out power lines in multiple counties, officials said.
Secretary of State Marco Rubio and Pope Leo XIV met Thursday at the Vatican to discuss the situation in the Middle East and other matters.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
Meenu Batra exclusively spoke to CBS News about being detained by ICE, saying she was living and working legally in the U.S. when she was arrested.
A CBS News visual investigation is revealing new details of an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
White House press secretary Karoline Leavitt announced the birth of her baby girl, Viviana, or "Vivi" for short.
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
The storms collapsed hundreds of homes, downed trees and knocked out power lines in multiple counties, officials said.
Mexican street corn-inspired trail mix made by Illinois food company was sold at Target and other retailers, as well as online.
The new TrumpRx program relies partly on connecting consumers with discount coupons offered by drugmakers. For insured patients, though, using a coupon can prove dicey.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
Americans on tight budgets are getting hit especially hard by surging fuel costs, forcing some to make hard choices.
A proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
A CBS News visual investigation is revealing new details of an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
White House press secretary Karoline Leavitt announced the birth of her baby girl, Viviana, or "Vivi" for short.
Secretary of State Marco Rubio and Pope Leo XIV met Thursday at the Vatican to discuss the situation in the Middle East and other matters.
The acting attorney general is touting the administration's stepped-up denaturalization efforts.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
Health officials have identified at least eight confirmed or suspected cases of hantavirus tied to an outbreak on the M/V Hondius cruise ship.
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
The new TrumpRx program relies partly on connecting consumers with discount coupons offered by drugmakers. For insured patients, though, using a coupon can prove dicey.
Since his second term started, President Trump has introduced a flurry of initiatives aimed at taming the excesses of the pharmaceutical industry.
A deadly strain of hantavirus broke out aboard a cruise ship for the first time, with more than 150 people on board. With three deaths among eight confirmed cases so far, Dr. Céline Gounder discusses the wider risks.
Health officials have identified at least eight confirmed or suspected cases of hantavirus tied to an outbreak on the M/V Hondius cruise ship.
As Trump pushes for a deal with an Iranian regime he portrays as deeply fractured, analysts say power in Tehran may be shifting, but that doesn't mean disarray.
American passengers who left the MV Hondius cruise ship in April are being monitored for hantavirus in at least five states, health officials said.
The Mexican navy helped rescue shipwrecked sailors and retrieve bales of illicit drugs that had been dumped into the ocean.
Secretary of State Marco Rubio and Pope Leo XIV met Thursday at the Vatican to discuss the situation in the Middle East and other matters.
(Warning: Spoilers ahead!) "CBS Mornings" reveals details of the latest "Survivor 50" episode and elimination ceremony, which had another surprise for the castaways.
"CBS Mornings" has an exclusive preview of the new Netflix series "I Will Find You," which is based on Harlan Coben's 2023 novel. Coben, who is also an executive producer on the series, talks about what inspired the story and how closely he worked on the Netflix adaptation.
Christy Turlington Burns, the founder and president of the nonprofit "Every Mother Counts," speaks about her new documentary, which explores the state of maternal healthcare following the end of Roe v. Wade. She discusses the different risks for women and why this is personal for her.
Ted Turner, who died on Wednesday at age 87, was a global media titan. Amol Sharma, a financial editor for The Wall Street Journal, joins CBS News with more insight.
Media mogul and CNN founder Ted Turner has died at 87, according to a statement from Turner Enterprises. Michael Schneider, Variety's executive editor of TV, joins with more.
If you bought an iPhone recently you may be able to get some of your money back. Apple has agreed to a $250 million settlement in a lawsuit over false advertising. Kelly O'Grady explains who is eligible.
Autonomous cars in California will no longer be immune to traffic tickets once a new law takes effect in July. CNET editor-at-large Scott Stein joins CBS News to discuss this and other top technology stories of the day.
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 proposed $250 million settlement would compensate millions of consumers who bought the iPhone 16, iPhone 15 Pro or iPhone 15 Pro Max.
Career experts say workers and job seekers should take charge of their own AI education. Here's how to get started.
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Bill Nye The Science Guy, the chief ambassador of The Planetary Society, joins CBS News 24/7 Mornings with more after meeting the Artemis II crew in person after their successful mission around the moon.
The Trump administration has fired all 22 current members of an independent board that oversees the National Science Foundation, one dismissed member says.
Archaeologists found the victim holding a terracotta mortar, which they interpret as an improvised attempt to shield his head.
Rapid development has been shrinking the jungle habitat of the critically endangered species, and fatal conflicts with people have been increasing.
A CBS News visual investigation reveals new details in an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
The Mexican navy helped rescue shipwrecked sailors and retrieve bales of illicit drugs that had been dumped into the ocean.
Acting Attorney General Todd Blanche spoke to CBS News' Camilo Montoya-Galvez about the fears among naturalized U.S. citizens and the accusations of retribution by the Justice Department on behalf of President Trump.
Meenu Batra, a certified court interpreter for more than 20 years, is speaking out after spending more than six weeks in ICE custody. CBS News' Shanelle Kaul reports.
A note apparently written by convicted sex offender Jeffrey Epstein before his death has been made public. CBS News' Anna Schecter has more.
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
The plumbing issues aboard the Orion capsule became headline news in the early days of the historic Artemis II mission.
The Artemis II astronauts joined "CBS Mornings" for a live town hall where they took questions from kids just weeks after returning from their historic moon mission.
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.
President Trump said Wednesday that he thinks the U.S. won the war with Iran. CBS News' Weijia Jiang reports.
A CBS News visual investigation reveals new details in an alleged assassination attempt on President Trump at this year's White House Correspondents' Dinner.
Senate and House Democrats launched a probe into the process for some of President Trump's pardons and commutations. CBS News' Gabe Kaminsky reports.
At least two Americans on board the MV Hondius, the cruise ship affected by a hantavirus outbreak, are being monitored in the U.S. for potential symptoms. CBS News' Tom Hanson has the latest.
President Trump is claiming that Iran is close to reaching a peace deal with the U.S. This comes as Israel resumed strikes in Lebanon following a U.S.-brokered ceasefire. CBS News' Aaron Navarro and Holly Williams report, and Jason Campbell, a senior fellow at the Middle East Institute, joins with more insight.