Mortgage rates are back above 7%. How much higher could they climb?
Rates are "far more likely to go up than down by the end of the year," a senior economist at Realtor.com told CBS News.
Home Sales
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.
States crack down on misleading home listings
More home listings are using AI to add furniture, repaint walls, spruce up landscaping and even add windows. But when does virtual staging cross the line into deception or even fraud? CBS News' Evyn Moon explores.
Congress' housing bill's potential impact
A sweeping bipartisan housing affordability bill is set to go into law at midnight on Friday, without President Trump's signature. The president says his decision not to sign the bill is a protest against lawmakers' failure to pass his package of voting reforms and restrictions. Bruce Marks, founder and CEO of the Neighborhood Assistance Corporation of America, joins "The Daily Report" to discuss.
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 Jill asks whether buying a house should remain a cornerstone of the American dream, or if the idea itself has become outdated.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.
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.
Single Gen Z women buying more homes than men
Data from the National Association of Realtors shows that 35% of single women ages 18 to 26 are buying homes compared to just 18% of single Gen Z men. However, as a whole, the age group is struggling to keep up with others when it comes to owning a home. Jessica Lautz, the deputy chief economist at the National Association of Realtors, joins "The Daily Report" to discuss.
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.
Poll: Fewer feel prices rising, but most see a gap between richest, middle class
Poll on the economy and opportunity finds fewer feel prices rising, while most see a gap between the richest and the middle class.
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.
New home sales hit 3-year high
Data shows sales of newly-built homes have jumped to the highest level in three years. CBS News MoneyWatch correspondent Kelly O'Grady explains what's driving the jump.
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.
Fed Chair: Tariffs could drive up inflation
Federal Reserve Chair Jerome Powell testified on Capitol Hill Wednesday about the state of the U.S. economy. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Matchmaking service helps homeowners cut costs
In the middle of a housing crisis, a San Francisco startup is zeroing in on an untapped market with a surprising matchmaking app that is helping both college students and homeowners cut costs. Itay Hod explains.
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.
Existing home sales drop in March
Sales of previously owned U.S. homes fell in March by 6%, the most since 2022, according to the National Association of Realtors. CBS News senior business and technology correspondent Jo Ling Kent explains what the figures could suggest about the state of the economy.
Average mortgage rates increasing
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.
U.S. existing home sales rise in February
New data from the National Association of Realtors shows U.S. home sales jumped 4.2% month-over-month in February, though year-over-year there was a slight drop. CBS News MoneyWatch correspondent Kelly O'Grady reports.
"Breaking Bad" house up for sale. Here's how much it costs.
Centered on mythical methamphetamine cookers Walter White and Jesse Pinkman, the series wrapped up more than a decade ago, but its legacy continues to draw looky-loos to the home.
Here's how old the typical U.S. homebuyer is today
Homeowners in the U.S. are getting older as the dream of buying a house slips further out of reach for many Americans.
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