Mortgage rates top 7% for the first time since May 2024
As rates climb, more buyers are seeking riskier adjustable-rate mortgages, according to the Mortgage Bankers Association.
Home Prices
How to buy a home as cost soars
With home costs soaring, many wonder whether newly signed bipartisan housing legislation will have any impact on homebuyers. Jill Schlesinger has more information.
Climate change to obliterate $1.5 trillion in U.S. home values
More than 5 million Americans will leave areas being impacted by climate change this year, according to study.
Home prices across the U.S. hit an all-time high
Sky-high housing prices make even starter homes too expensive for most Americans, housing data show.
Starter Homes are a Million Bucks Now
Starter homes now cost $1 million in many parts of the country, leaving younger generations wondering whether homeownership is still a realistic goal. Jill asks whether buying a house should remain a cornerstone of the American dream, or if the idea itself has become outdated. Plus, caller questions: Dorian is feeling the financial strain of wedding season as travel costs, gifts and pricey trips pile up. And Andrew, a new dad, wants to know whether now is the right time to buy term life insurance. Have a money question? Email askjill@jillonmoney.com.
Don't Buy a House Together Until You Hear This
Caller Aaron has a family mess on his hands: his cousin bought a house with a girlfriend; they broke up, and now his cousin's credit is still tied to the property while the ex continues living there and refuses to refinance. Jill explains exactly what to do before buying a major asset with someone you're not married to. Plus, Jill breaks down the new student loan rules that took effect on July 1, 2026, how parents and prospective students should navigate the new rules and why taking on debt for college may not be worth it anymore. Have a money question? Email askjill@jillonmoney.com.
Save money on your home renovation projects
The price of buying a home is higher than ever, but the expenses don't stop there. Most homes will need repairs. Kelly O'Grady provides money-saving tips for your next project.
Household growth fell in 2025, study finds
A new study shows high costs and short supply are hurting the U.S. housing market. Harvard University's State of the Nation's Housing 2026 report found that household growth, the net change in the total number of occupied housing units or households from year to year, slowed for the third straight year in 2025. Chris Herbert, the managing director of the Harvard Joint Center for Housing Studies, joins "The Daily Report" to discuss.
Prospective homeowners delaying purchases
The cost of a typical starter home has never been higher. Cristian Benavides has more in "Affordability in America."
242 U.S. cities have $1M starter homes: Zillow
Online real estate marketplace Zillow found that 242 U.S. cities now have starter homes worth $1 million or more, nearly triple the number of cities reported in 2020. The company defines a starter home as one in the lowest third of home values in a given region. CBS News MoneyWatch reporter Megan Cerullo has more.
Zillow: 242 cities have $1 million starter homes
The dream of home ownership is becoming more elusive for some first-time buyers. Zillow found that a record 242 cities have starter homes valued at $1 million or more. Orphe Divounguy, senior economist at Zillow, joins "The Takeout" to discuss.
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.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Property taxes are surging. See what homeowners pay by state and county.
The average U.S. property tax bill rose 3.7% last year to $4,427, outpacing inflation even as the typical home lost value.
This tip can save you tens of thousands of dollars on your mortgage
Mortgage rates have fallen to their lowest level since 2022, and now borrowers can find even lower-cost loans, experts said.
How the U.S. could bring down housing costs
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.
Foreclosure filings rising, report finds
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.
Here's how much per month it costs to own a home in the U.S.
The cost of both owning and renting a home in the U.S. is rising, according to Census Bureau data, squeezing millions of Americans.
Food prices on the rise
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.
First-time homebuyers face affordability crisis
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.
What the latest downturn in the housing market means for buyers
In June, the median U.S. sale price for a home hit a record high of $396,000, according to Redfin.
Housing market shows signs of cooling off
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.
These U.S. metro areas are among the best for first-time homebuyers
Personal finance site SmartAsset ranked these cities as the best markets for first-time buyers in terms of affordability and other factors.
Young Americans feeling financial strain
Rising home prices and persistent inflation are impacting how millennials and Gen Zers feel financially. CBS News contributor Javier David explains.
Kroger customers overcharged for items on sale, Consumer Reports finds
Expired sales labels led to overcharges on more than 150 grocery items, according to an investigation led by Consumer Reports and others.
Trump says he'll start paying for ads after pushback over taxpayer funding
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