Mortgage rates surge to highest level since 2000
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Jared Bernstein, Council of Economic Advisers chairman, joins CBS News' chief election & campaign correspondent Robert Costa to discuss President Biden's new economic plan, which Mr. Biden unveiled Wednesday in Chicago.
After topping out last year at nearly $1,800 per month, rent is finally starting to ease, new data shows.
Homes with rooms painted in dark, dusky shades commanded higher bids than those with lighter interiors, Zillow report finds.
Even though home prices are dropping, there are more buyers than available homes. CBS News' Carter Evans spoke with buyers in Northern California, where homes are still among the most expensive in the country.
Shortage of properties and high housing costs can make it hard for middle-income Americans to become homeowners.
Home buyers in many U.S. coastal areas are advised to prepare to settle, bring cash offers and close quickly.
According to Redfin, the median home sale price in April was down roughly 4% from last year. That's a decline of nearly $18,000. This follows record-high prices during the pandemic. James Rodriguez, a senior real estate reporter at Insider, joins CBS News to discuss.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
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.
Home values in Seattle fell 7.5% last month but rose 8.3% in Buffalo, New York, a new report shows.
Peak homebuying season is near, but it may not be as fruitful for buyers or sellers. Realtor.com executive news editor Clare Trapasso joins "CBS News Mornings" to discuss.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
A new report from Redfin found that homeowners are seeing a significant decline in their home values, dropping a total of $2.3 trillion between June and December of 2022. Taylor Marr, deputy chief economist at Redfin, joins CBS News to discuss the report.
As it continues efforts to combat inflation, the Federal Reserve on Wednesday increased interest rates by a quarter-point. In a statement, the Fed said that further hikes are likely.
After the height of the pandemic, data shows more people have moved away from big cities and are heading toward Florida, Texas and the Carolinas. Nadia Evangelou, senior economist and director of real estate research with the National Association of Realtors, joins "CBS News Mornings" to discuss which areas are seeing the biggest population booms.
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
Home prices are on a decline as the Federal Reserve continues to raise interest rates to tame inflation. Skylar Olsen, chief economist at Zillow, joined CBS News' Catherine Herridge to discuss how rising interest rates are affecting the housing market and what homeowners and home buyers should do.
Hundreds of thousands of homeowners who bought properties this year owe more than their homes are worth.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Housing prices have fallen 32% this year, although they remain higher than before the pandemic.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Economists predict U.S. home prices could fall by as much as 20% in 2023 as mortgage rates rise. CBS News MoneyWatch reporter Khristopher Brooks breaks down what's driving the expected shift.
High home prices along with increasing mortgage rates and low inventory have put many homes out of reach for prospective buyers. Elaine Quijano takes a look.
Lawyers from both sides presented their final cases before the jury in former President Donald Trump's "hush money" trial in New York.
U.S. NATO allies are preparing for the changing political realities that a Trump presidency could bring.
In an order issued Tuesday, Florida Judge Aileen Cannon rejected Special Counsel Jack Smith's motion to impose a gag order on certain public statements by former President Donald Trump.
The Democratic National Committee wants to nominate President Biden and Vice President Harris virtually before the scheduled convention to ensure meeting Ohio's Aug. 7 ballot certification deadline.
Republican Rep. Tony Gonzales of Texas narrowly won his primary runoff against a gun-rights activist. Gonzalez backers had warned that a loss could open the door for Democrats to flip the district in November.
The Cook County Sheriff's Office aims to put mental health workers in the field virtually as cities grapple with alternative police responses.
Garry Conille has been named Haiti's new prime minister nearly a month after a coalition within a fractured transitional council had chosen someone else for the position.
Police in Northern California on Tuesday helped U.S. Marshals arrest a fugitive wanted in a Massachusetts rape case nearly two decades after he fled that state during his trial, authorities said.
The immediate impact of the incorporation will see Josh Gibson, one of the baseball's greatest players, take multiple records from the likes of Ty Cobb and Babe Ruth.
The immediate impact of the incorporation will see Josh Gibson, one of the baseball's greatest players, take multiple records from the likes of Ty Cobb and Babe Ruth.
The Cook County Sheriff's Office aims to put mental health workers in the field virtually as cities grapple with alternative police responses.
Lawyers from both sides presented their final cases before the jury in former President Donald Trump's "hush money" trial in New York.
Storms with damaging winds and baseball-sized hail have pummeled Texas again.
"Everyone is taking a hit with these storms," Oklahoma insurance official says of the mounting financial toll from extreme weather.
"Everyone is taking a hit with these storms," Oklahoma insurance official says of the mounting financial toll from extreme weather.
Most employers give a company match for people who sock money into their 401(k)s. But that "free money" may be doled out unfairly.
Employees who constantly emphasize how stressed out they are at work are shooting themselves in the foot, study suggests.
Amtrak said trains traveling between Boston and Washington, D.C., could face delays because of the heat this summer.
Participants in the anti-consumption movement talk it up as a away to shed debt and protect the planet.
Republican Rep. Tony Gonzales of Texas narrowly won his primary runoff against a gun-rights activist. Gonzalez backers had warned that a loss could open the door for Democrats to flip the district in November.
Lawyers from both sides presented their final cases before the jury in former President Donald Trump's "hush money" trial in New York.
U.S. NATO allies are preparing for the changing political realities that a Trump presidency could bring.
Three people were shot to death in a small South Dakota town, and a former law officer who once served as the town's mayor is charged in the killings.
The decision could complicate prosecutors' case against New Jersey Sen. Bob Menendez as it relates to Egypt and military aid.
How do American sunscreens stack up against others around the world? A 1938 law may be blocking your best options for skin cancer protection.
Candy is not great for your teeth, but experts say there are three other types of foods and drinks to be mindful about for better oral health.
Drugs such as LSD, ketamine, mushrooms and MDMA can be powerful treatments for severe depression and PTSD, mounting evidence suggests — but not everyone is convinced.
Spencer Wright's son, Levi Wright, has shown some progress since he was found unconscious in a river, his mother said.
Bird flu has been confirmed in dairy cattle herds in nine states, has been found in milk and has prompted the slaughter of millions of chickens and turkeys.
The world's first wooden satellite has been built by Japanese researchers who said their tiny cuboid craft is scheduled to be carried into space on a SpaceX rocket in September.
Garry Conille has been named Haiti's new prime minister nearly a month after a coalition within a fractured transitional council had chosen someone else for the position.
U.S. NATO allies are preparing for the changing political realities that a Trump presidency could bring.
Tyler Wenrich was facing a potential mandatory minimum sentence of 12 years in prison in the Turks and Caicos Islands.
Pope Francis' office issued a statement on Tuesday responding to reports that the pontiff had used a homophobic slur in a closed-door meeting with bishops.
Albert S. Ruddy, who won Oscars for "The Godfather" and "Million-Dollar Baby" and helped create TV's "Hogan's Heroes," died Saturday.
A venue issued an apology after actor Richard Dreyfuss made allegedly sexist and homophobic comments at a "Jaws" event on Saturday.
Bestselling author John Grisham is returning to the beach with his latest page-turner. His book "Camino Ghosts" is the third in his Camino Island trilogy. He talks to "CBS Mornings" about the important history behind the book.
Wactor was shot and killed when he interrupted three suspects in the midst of a catalytic converter theft in downtown LA early Saturday morning, according to family members.
In the Off-Broadway comedy, Sedgwick plays the mother of a young disabled woman who is romantically involved with a disabled man.
The world's first wooden satellite has been built by Japanese researchers who said their tiny cuboid craft is scheduled to be carried into space on a SpaceX rocket in September.
Some school districts are turning to technology like artificial intelligence to help tackle major bus driver shortages. A school district in Colorado shows how their system could become a model nationwide.
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 severe school bus driver shortage has left many students without reliable transportation but a district in Colorado Springs has found a high-tech solution.
Advocates say the technology, including facial recognition, will lead to improved security and efficiency, but some remain concerned about privacy.
Turbulence on flights has been increasing, and climate change could be one of the reasons why. CBS News senior weather producer David Parkinson explains how the human-caused phenomenon affects the flight path.
One million species worldwide are threatened with extinction, according to the United Nations. One of the reasons is climate change. As dire as it sounds, there are many communities working to protect the Earth and those threatened species.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
New research indicates the sun's magnetic field originates much closer to the surface than previously thought, a finding that could help predict extreme solar storms.
The National Oceanic and Atmospheric Administration released new 2024 weather outlooks for the summer. CBS News Chicago meteorologist David Yeomans breaks down how the predictions may be connected to climate change.
Police in Northern California on Tuesday helped U.S. Marshals arrest a fugitive wanted in a Massachusetts rape case nearly two decades after he fled that state during his trial, authorities said.
Three people were shot to death in a small South Dakota town, and a former law officer who once served as the town's mayor is charged in the killings.
The man convicted in the 2022 hammer attack on Paul Pelosi apologized and was again sentenced to 30 years in prison Tuesday, as the sentencing hearing in his case was reopened due to a court error.
David Berkowitz terrorized New York City with a series of shootings that killed six people and wounded seven beginning in July 1976.
Police said "officers arrested a man after he allegedly ran naked through the aircraft mid-flight and knocked a crew member to the floor."
Scientists used decades-old images to track changes on the planet's surface.
Engineers are confident the leak will not worsen in flight, and even if it does, the Starliner can safely launch June 1.
The orbits of six planets will bring them to the same side of the sun to create a "planetary parade" in early June.
Shining galaxies, a purple and orange star nursery and a spiral galaxy are among the new images.
NASA managers have ordered additional reviews of a small helium leak in Boeing's Starliner spacecraft to make sure it can be safely launched as is.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Forrest Fenn hid a treasure somewhere in the Rocky Mountains. Five men died searching for it.
An anonymous letter writer terrorizes a small town, threatening to expose their rumored dark secrets.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
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 Biden administration argues China subsidizes its products so aggressively and produces them at such scale it undermines other countries' economic output, which should be a global concern. Last week, Treasury Secretary Janet Yellen asked her European counterparts for help. Mark Wu, professor of law at Harvard University, joins CBS News to discuss whether a multi-national approach could produce real results.
With 160 days until the next presidential election, American democracy is still reeling from millions of Americans, and even some politicians, refusing to accept the 2020 results. CBS News election law contributor David Becker examines the state of U.S. election integrity.
Turbulence on flights has been increasing, and climate change could be one of the reasons why. CBS News senior weather producer David Parkinson explains how the human-caused phenomenon affects the flight path.
The prosecution and defense in former President Donald Trump's "hush money" trial gave their closing arguments Tuesday, making their final cases before jury deliberations begin. CBS News campaign reporter and attorney Katrina Kaufman and legal contributor Rebecca Roiphe join with the latest.
Palestinians who had fled to Rafah to escape the Israel-Hamas war are now in the path of violence as Israel pushes on with its offensive despite global condemnation. CBS News foreign correspondent Imtiaz Tyab reports. Then, Ky Luu, CEO of International Medical Corps, joins to discuss what aid groups see on the ground.