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.
Trump threatens Iran with "higher level" strikes if it won't accept a peace deal, but says it's too soon for direct talks after reporting diplomatic progress.
Ted Turner built a media empire that included cable channels CNN, TBS and TNT, and he owned the Atlanta Braves for 20 years.
Three passengers were evacuated from the vessel and human-to-human transmission has been confirmed in Switzerland and South Africa.
Commerce Secretary Howard Lutnick is being questioned Wednesday before the House Oversight Committee as part of its investigation related to Jeffrey Epstein.
President Trump had backed challengers to Indiana state senators who voted against his redistricting plan — and on Tuesday, most of them won.
In an interview on "The Late Show with Stephen Colbert," former President Barack Obama had some pointed words about the power of the executive branch.
Border czar Tom Homan conceded "things weren't perfect" during the crackdown in Minneapolis, but stressed that the administration is not backing down from its mass deportation effort.
CBS News projected that former Sen. Sherrod Brown won the Democratic primary, while incumbent Sen. Jon Husted ran unopposed.
The U.S. warns that transiting the normal route could be "extremely hazardous" because of mines laid in the Strait of Hormuz by Iran.
Ted Turner built a media empire that included cable channels CNN, TBS and TNT, and he owned the Atlanta Braves for 20 years.
Commerce Secretary Howard Lutnick is being questioned Wednesday before the House Oversight Committee as part of its investigation related to Jeffrey Epstein.
Career experts say workers and job seekers should take charge of their own AI education. Here's how to get started.
Authorities say Craig Berry, a retired special forces soldier, shot his wife and then fled into the woods in northern Tennessee.
The U.S. warns that transiting the normal route could be "extremely hazardous" because of mines laid in the Strait of Hormuz by Iran.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
Career experts say workers and job seekers should take charge of their own AI education. Here's how to get started.
Employment watchdog accuses the New York Times of violating federal law by passing over a White male journalist for a job.
The lawsuit claims that Meta's Llama is generating summaries — and, in some cases, verbatim copies — of original works.
Routes that are under a certain distance will no longer offer food and beverage service, the airline said.
In an interview on "The Late Show with Stephen Colbert," former President Barack Obama had some pointed words about the power of the executive branch.
Commerce Secretary Howard Lutnick is being questioned Wednesday before the House Oversight Committee as part of its investigation related to Jeffrey Epstein.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
Derek Merrin won the GOP primary in Ohio's 9th Congressional District on Tuesday, setting up a rematch against longtime Democratic Rep. Marcy Kaptur in what's expected to be one of the most contested House races of the year.
The attack came a day after U.S. forces struck an alleged drug boat in the Caribbean Sea, killing two people.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
The FDA announced its first authorization of fruit-flavored electronic cigarettes intended for adult smokers, a major policy shift after months of appeals to President Trump from the vaping industry.
A rare form of hantavirus is believed to have spread person-to-person on board a cruise ship. Three people are dead, four more are ill and nearly 150 others are stranded aboard the ship, where they will stay potentially for months until they are cleared to leave. Tom Hanson has more.
A hantavirus outbreak on the MV Hondius cruise ship has killed four people and infected at least four others, officials said.
The largest U.S. health insurer said it will eliminate approval requirements for some treatments, including select outpatient surgeries and other procedures.
Three passengers have been evacuated from a cruise ship hit by a hantavirus outbreak, as related cases are confirmed in Switzerland and South Africa.
A 13-year-old student admitted carrying out the attack at the public school Instituto Sao Jose in Rio Branco, officials said.
Trump threatens Iran with "higher level" strikes if it won't accept a peace deal, but says it's too soon for direct talks after reporting diplomatic progress.
The attack came a day after U.S. forces struck an alleged drug boat in the Caribbean Sea, killing two people.
President Trump said Tuesday he has paused Project Freedom, a U.S. effort to guide commercial ships through the Strait of Hormuz.
CBS News' Anthony Mason is launching a new YouTube show called "Alchemy with Anthony Mason." It's a long-form interview program celebrating artists and the creative process.
In an interview on "The Late Show with Stephen Colbert," former President Barack Obama had some pointed words about the power of the executive branch.
Actor Nathan Lane, who stars in the play "Death of a Salesman," was nominated for his seventh Tony Award. He spoke to "CBS Mornings" about why it was a lifelong dream for him to star in the play and his personal connection to his character.
"The Lost Boys," starring Shoshana Bean, leads this year's Tony nominations along with "Schmigadoon!" Both opened just weeks ago, and each cinched 12 nods. CBS News New York reporter Dave Carlin has more about the nominees.
Oprah Winfrey selected "John of John" by award-winning author Douglas Stuart, known for "Shuggie Bain," as her latest book club pick. Watch the author, Douglas Stuart, read an excerpt from his novel that Winfrey calls " a complex and compelling tale that ultimately showcases the transformational power of love."
Career experts say workers and job seekers should take charge of their own AI education. Here's how to get started.
The high-stakes trial between Elon Musk and OpenAI now involves testimony about a co-founder's personal diary. Vanity Fair contributor Tom Dotan joins to discuss.
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.
"This is a new way of working, and we need to leverage AI across every facet of our jobs," CEO Brian Armstrong said in a letter to employees.
A Character AI chatbot falsely claimed to be a licensed psychiatrist in Pennsylvania and provided an invalid license number, the state alleged.
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 woman in Washington state is accused of trying to run over a child on an e-bike. Police say she later attempted to break into a home. The child was not harmed in the incident and the woman is now facing felony charges.
Authorities are looking for the owners of a sailboat as they continue to investigate the disappearance of Lynette Hooker, the American who went missing in the Bahamas while sailing last month. Cristian Benavides reports.
A 13-year-old student admitted carrying out the attack at the public school Instituto Sao Jose in Rio Branco, officials said.
An investigation is underway in New York City after multiple locations were vandalized with antisemitic graffiti. CBS News' Jared Ochacher reports from Queens.
In northern Tennessee, a retired Special Forces soldier is accused of shooting his wife and then using his training to disappear into the woods. Nicole Valdes reports.
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.
A new case of hantavirus linked to a cruise ship outbreak has been reported in Switzerland. CBS News' Ramy Inocencio reports.
President Trump's remarks on the timeline of the Iran war have shifted since the conflict began. CBS News' Jarred Hill reports.
CBS News' Anthony Mason is launching a new YouTube show called "Alchemy with Anthony Mason." It's a long-form interview program celebrating artists and the creative process.
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A memo obtained by CBS News reveals the Coast Guard is seeking more information on Lynette Hooker's disappearance in the Bahamas. Cristian Benavides reports.