Vast majority of U.S. homes are unaffordable to the average buyer
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
Home Sales
U.S. homes see decline in value, report finds
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.
Maneuvering the housing market slowdown
Existing home sales declined once again in January for the 12th straight month, to the lowest level posted in more than 12 years. Veronica Dagher, a personal finance reporter for the Wall Street Journal, joins CBS News to discuss how you should maneuver the market if you're looking for a new home.
More Americans move to the South
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.
Here's how much renting will cost you versus buying a home
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
Best cities for first-time homebuyers
CBS MoneyWatch reporter Khristopher Brooks joins anchors Lilia Luciano and Michelle Miller with a look at some of the best cities for first-time homeowners.
Housing market forecast for 2023
Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News to share his forecast for the 2023 housing market at the start of the new year.
Pending home sales slide in November
According to the National Realtor Association, pending home sales declined by 4% in November. It's the second-lowest monthly reading in 20 years. George Ratiu, a senior economist at Realtor.com, joins CBS News with more on that and what's affecting the stock market.
Famed "Goonies" house for sale in coastal Astoria, Oregon
Since the movie hit theaters in 1985, fans have flocked to the home in northwestern Oregon's historic port of Astoria.
Home sales decline for ninth straight month
U.S. home sales fell 5.9% in October, and have fallen 28.4% since last year, according to new numbers from the National Association of Realtors. Mark Lehmann, chief executive officer for JMP Securities joined CBS News to discuss the volatile state of the housing market and what potential homebuyers should expect for the near future.
Home sales are slumping badly as affordability remains a hurdle
Housing prices have fallen 32% this year, although they remain higher than before the pandemic.
High mortgage rates drive down home sales
Home sales across the country over the last eight months are down as the Federal Reserve raises interest rates. Rising mortgage rates are shrinking the number of people who can get a loan and buy a home. Lilia Luciano takes a look.
High mortgage rates dampen home sales
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Mortgage rates top 7%, hitting highest level since 2001
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Fewer homes for sale as mortgage rates rise
Fewer homes are going on the market as homeowners hesitate to give up low, locked-in mortgage rates. Errol Barnett and Elaine Quijano discussed with Odeta Kushi.
Mortgage rates at highest level since 2007 after latest Fed hike
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
U.S. unemployment claims fall as GDP shrinks
The number of Americans filing for first-time unemployment benefits dropped last week. Meanwhile the Department of Commerce released updated gross domestic product figures for the second quarter of 2022. Yahoo Finance senior columnist Rick Newman joins CBS News to discuss these and the mortgage market.
Bidding wars send rent prices soaring as home sales decline
"I'd never have expected that there'd be a bidding war for a 12-month lease."
Target's profit craters after it cut prices to clear inventory
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
China cuts interest rate to shore up slowing economy
"The momentum of economic recovery has slowed," a government spokesperson said.
Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
Rise in interest rates expected to slow down home sales, experts say
Nationally, some housing markets are even seeing home prices starting to drop.
Mortgage rates in the U.S. jump by most in 35 years
Borrowing costs for a typical home loan surged a day after the Federal Reserve hiked its benchmark rate.
Mortgage rates jump again, sending buyers to the sideline
Interest on a standard 30-year home loan is 5.23%, up from less than 3% a year ago, according to Freddie Mac.
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