Built-to-rent communities are a rising U.S. housing market trend
Though a growing industry, build-to-rent communities made up only 7.9% of new residential constructions last year.
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Though a growing industry, build-to-rent communities made up only 7.9% of new residential constructions last year.
With home prices and interest rates remaining stubbornly high, many people who believe they will never be able to afford a home are turning to built-to-rent communities. Kris Van Cleave explains.
Due to a nationwide shortage, many prospective homeowners have been unable to get into the home of their dreams. A growing nationwide coalition of pro-housing advocates part of the "YIMBY" movement believe more building density can solve the problem. Ash-har Quraishi explains.
Home insurance premiums have at times risen 40% faster than inflation. Extreme weather events are likely to make the expense worse.
Only one-third of American families can afford a starter home in just 10 of the 100 largest cities in the U.S., CBS News found.
Americans are increasingly unable to afford starter homes in many cities across the U.S. Among the problems, there's a shortage of about 5 million homes for sale or rent, and that's driving up prices. Mark Strassmann reports on the crisis and what's being done to try to fix it.
The cost of insuring your home is going up, and some homes are "essentially uninsurable" due to rising climate change risks. In Nebraska, the most expensive state for premiums, the cost is nearly $3,400 above the national average to insure a home. And it's all happening as extreme weather events increase in frequency and intensity, jeopardizing people's homes and their ability to financially recover afterward.
As climate change whips up wilder weather, more Americans must deal with "hazards they have not faced in the past," expert says.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
Americans will soon be able to negotiate how much they want to pay realtors in commission as part of a National Association of Realtors settlement with a nationwide group of homeowners. Medora Lee, a money and personal finance reporter with USA Today, joins CBS News with more details.
Zombie debt refers to long-forgotten or old debts that resurface, often with accumulated interest and fees, threatening the financial stability of unsuspecting homeowners and sometimes leading to foreclosures. CBS News national consumer correspondent Ash-har Quraishi reports.
Teresa modified her home mortgage back in 2009 during the financial crisis, and thought she was making payments on her second mortgage every month. She's discovered she's overdue on thousands of payments for this "zombie debt," and fears losing her home.
Jose Arzate of Santa Maria, California, says he was taken by surprise when sheriff's deputies evicted him. He says he never knew he owed tens of thousands of dollars in "zombie mortgage" debt.
Laverne Simmons of Inglewood, California, says she never got bills for a decade-old debt. Now this "zombie mortgage" could cost her the home she loves.
With meteorologists predicting an above normal hurricane season, here's what residential construction experts say you can do to harden your home.
Heavy flooding has inundated several parts of Minnesota over the past two weeks. However, a vast majority of Minnesotans lack flood insurance, leaving some with extensive property loss and an uncertain future. Tom Hanson reports.
Some Minnesota homeowners have lost everything in this week's severe flooding and more rain remains in the forecast. Tom Hanson has more.
New anti-squatting laws in several states are giving more power back to homeowners, but the issue persists.
"Squatters' rights" laws often protect those who are illegally occupying a property. Carter Evans shows who some property owners are turning to when the law is no help.
Squatters' rights go back to the British legal system, but good intentions have led to some modern-day nightmares.
Squatters' rights were designed to make sure vacant property didn't go to waste, but many property owners say the laws are hurting them and preventing them from clearing out their own land. Carter Evans takes a look at what's being done about the issue.
As U.S. home prices remain stubbornly high and many parts of the nation are seeing more extreme weather, homeowner insurance premiums have spiked in response. Jo Ling Kent has more.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
State Farm says it will discontinue coverage for 72,000 houses and apartments in California starting this summer, nine months after announcing it wouldn't issue new home policies there.
The National Association of Realtors' agreement to resolve all claims against the group by home sellers related to broker commission may lead to homeowners paying a lot less to sell their homes. Tomasz Piskorski, a professor at Columbia Business School, joins CBS News with more.
President Trump said he struck a deal to give the U.S. "permanent control over security" in Greenland following a push by the president to boost U.S. influence over the island.
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time.
President Trump said Friday that he is banning CNN, MS NOW and Politico from the White House, the latest move to target media outlets over their reporting.
Following more attacks on tankers in the Strait of Hormuz, Trump said he'll make a "big decision" on whether to "annihilate" Iran's leadership.
The proposed sale is subject to congressional review.
The Pentagon on Friday released a new group of files about unidentified anomalous phenomena, or UAP or UFOs, including a batch of documents regarding a mysterious military program studying aerospace threats.
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
A federal appeals court ruled Friday that U.S. immigration officials must offer detainees "a meaningful opportunity to contest" any deportation to countries where they have no ties.
Ross Douthat's interview with Patrick Clancy and his wife, Dr. Rachel Danis, airs Sunday on 60 Minutes.
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time.
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
The new law lets the president impose tariffs on the largest purchases of Russian oil and natural gas.
The U.S. Marshals Service is preparing to transfer some Georgia detainees to another private facility 200 miles away.
President Trump said Friday that he is banning CNN, MS NOW and Politico from the White House, the latest move to target media outlets over their reporting.
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
"It seems like we're trying to climb out of a hole somebody else is digging," said one frustrated house hunter as homeownership costs rise.
Employment fell last year in U.S. cities where ICE arrests surged, according to the Brookings Institution.
Cybersecurity researchers said they were able to use Anthropic's Claude AI platfom to penetrate ChatGPT in "less than 72 hours."
The manufacturer has received hundreds of reports of blankets "smoking, melting or burning" due to overheating, according to a recall notice.
The proposed sale is subject to congressional review.
A federal appeals court ruled Friday that U.S. immigration officials must offer detainees "a meaningful opportunity to contest" any deportation to countries where they have no ties.
President Trump said he struck a deal to give the U.S. "permanent control over security" in Greenland following a push by the president to boost U.S. influence over the island — or take it over.
The new law lets the president impose tariffs on the largest purchases of Russian oil and natural gas.
Americans are optimistic about scientific advances in AI, but concerned that AI may take jobs.
The twins were born in Ethiopia with a rare condition that left them joined at the head. Doctors spent a year planning a separation surgery.
Porsha Williams revealed to "CBS Mornings" co-anchor Gayle King that she had to undergo an emergency partial hysterectomy this year after doctors discovered 21 uterine fibroids
Two-year-old conjoined twin sisters saw each other face-to-face for the first time after a successful 24-hour surgery to separate them. Ian Lee reports from the children's hospital in St. Louis, where it happened.
Nearly half of Americans with medical debt owe at least $2,000, forcing them to make tough choices, new research shows.
In the latest episode of "Healthful," Olympic gold medalist Aly Raisman discusses what she's learned about speaking up for herself and taking care of her body.
The proposed sale is subject to congressional review.
President Trump said he struck a deal to give the U.S. "permanent control over security" in Greenland following a push by the president to boost U.S. influence over the island — or take it over.
Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
Trump touts "major progress" on plans for a permanent U.S. Army base in Poland as the country's leader warns Russia's war on Ukraine could hit NATO soil.
Princess Diana's brother claims in his book that then-Prince Charles "sounded giddily elated" right after his ex-wife died in a Paris car crash.
Duncan Sheik died on Thursday night, his family said.
The brother of the late Princess Diana claims in his upcoming book that then Prince Charles seemed "upbeat" right after his ex-wife died in a Paris car crash in 1997. When asked about these allegations, Buckingham Palace referred to a statement it released earlier this week saying that the king "is mindful that the pain of fraternal grief can cloud reason, affect judgement and colour memory, even many years after such a loss." Watch more of Charles Spencer's conversation with Mark Phillips on "CBS Sunday Morning."
Princess Diana's brother, Earl Charles Spencer, makes stunning allegations in a new memoir against then-Prince Charles, now King Charles III, and his reaction to Diana's death. Holly Williams reports.
Porsha Williams revealed to "CBS Mornings" co-anchor Gayle King that she had to undergo an emergency partial hysterectomy this year after doctors discovered 21 uterine fibroids
Nine-time Emmy-winning costume designer Bob Mackie, who clothed such musical and comedic talents as Cher, Carol Burnett, Barbra Streisand and Liza Minnelli, died on Sept. 14, 2026 at age 87. In this Sept. 21, 2003 "Sunday Morning" profile, Mackie talked with correspondent Rita Braver about how a star-struck kid growing up outside Hollywood became a dressmaker to the stars, and what fascinates him about divas. He also talked about the tragic death of his son, Robin, from AIDS.
More than 100 artificial intelligence experts have signed a public letter to express the need for independent AI safety evaluators. Princeton computer science professor Arvind Narayanan, who signed the letter, joins CBS News to discuss.
Jensen Huang, the CEO of Nvidia, the world's largest chipmaker, told "Sunday Morning" that tech companies should push forward with the development of artificial intelligence despite recent warnings from worried industry leaders that there may be a need to pull back due to unease about the technology.
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.
The CEO of the world's largest chipmaker told CBS News that tech companies should proceed with artificial intelligence development despite recent warnings from worried industry leaders that there may be a need to pull back.
President Trump is set to meet with Chinese President Xi Jinping in Washington, D.C., on Thursday amid mounting concerns about the safety of artificial intelligence. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan has more.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Asked whether he feels like he failed in some way, Patrick Clancy told 60 Minutes he believes he did the best he could with the information he had at the time. Watch more of the interview on 60 Minutes on Sunday.
The holdout juror in Lindsay Clancy's triple murder case has released a statement. Shanelle Kaul reports.
Brazilian police said they will reopen dozens of cases linked to a self-confessed serial killer who was arrested as he attempted to escape dressed as a woman and carrying a baby.
A Tennessee grandmother is suing the city of Fargo, North Dakota, after facial recognition software linked her to a crime she didn't commit, which led to a nearly six-month stay in jail. CBS News' Nicole Valdes has more.
A woman was hit and killed after an Uber driver forced her and her friend out of his car on a freeway. Now, Uber has been ordered to pay $40 million after the victim's family brought forth a wrongful death suit. CBS News' Lauren Pozen reports.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
More than 100 artificial intelligence experts have signed a public letter to express the need for independent AI safety evaluators. Princeton computer science professor Arvind Narayanan, who signed the letter, joins CBS News to discuss.
Protesters gathered outside the Kennedy Center in Washington, D.C., on Friday evening after President Trump threatened to demolish the building. WUSA9 reporter Matt Gregory joins from the scene.
Researchers from the independent security platform Hacktron AI reported they used Anthropic's Claude tool to hack OpenAI's ChatGPT model. CBS News MoneyWatch reporter Megan Cerullo reports.
Jensen Huang, the CEO of Nvidia, the world's largest chipmaker, told "Sunday Morning" that tech companies should push forward with the development of artificial intelligence despite recent warnings from worried industry leaders that there may be a need to pull back due to unease about the technology.