What can revive the American starter home?
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.
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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.
Homeownership among minority groups in the U.S. rose in 2022, according to a new report from the National Association of Realtors, but headwinds remain for all people trying to buy a home. Jessica Lautz, vice president of research for the National Association of Realtors, joined CBS News to discuss the report and the hurdles stopping people from buying a home.
Mortgage rates are expected to fall slightly this year, according to real estate experts looking at the data. Jessica Lautz, the deputy chief economist and vice president of research at the National Association of REALTORS, joins CBS News to discuss if homeowners should refinance their mortgages.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
American women have pulled ahead of men when it comes to building wealth through homeownership, according to LendingTree.
President Trump was safely evacuated from the White House Correspondents' Dinner after shots were fired outside the ballroom of the Washington Hilton.
President Trump was evacuated from the White House Correspondents' Dinner after shots rang out at the hotel where the event was taking place.
U.S. envoys Steve Witkoff and Jared Kushner were expected to head to Islamabad Saturday, but President Trump said later that his "representatives" would not be going.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
Britain's King Charles will be visiting the U.S. starting on Monday to mark America's 250th anniversary – his first trip since his coronation nearly three years ago.
A 26-year-old man is facing two counts of first-degree murder in the deaths of Zamil Limon and Nahida Bristy, according to authorities.
Two Chicago police officers were shot inside Swedish Hospital in Chicago's Lincoln Square neighborhood on Saturday morning. One has since died.
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
The role of the two CIA agents, who were returning from destroying a clandestine drug lab in the northern Mexican state of Chihuahua, remains unclear.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
After more than 40 years and three wrongful convictions, authorities says they have the man responsible for the 1984 Long Island killing of 16-year-old Theresa Fusco, who vanished after leaving her job at a local roller rink.
President Trump was safely evacuated from the White House Correspondents' Dinner Saturday night after shots were fired outside the ballroom of the Washington Hilton Hotel.
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
The role of the two CIA agents, who were returning from destroying a clandestine drug lab in the northern Mexican state of Chihuahua, remains unclear.
Commercial vessels face risks from mines and threats from land, Chevron's chief executive Mike Wirth said in an interview with "Face the Nation" moderator Margaret Brennan.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
The waiver lets international ships carry goods between U.S. ports and is aimed at lowering energy prices.
Consumers allege that Trader Joe's improperly advertised a coffee product as fully caffeinated when it was not.
The conflict is expected to crimp global natural gas supplies due to damage to liquefied natural gas facilities in Qatar.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
President Trump was evacuated from the White House Correspondents' Dinner after shots rang out at the hotel where the event was taking place.
President Trump was safely evacuated from the White House Correspondents' Dinner Saturday night after shots were fired outside the ballroom of the Washington Hilton Hotel.
The role of the two CIA agents, who were returning from destroying a clandestine drug lab in the northern Mexican state of Chihuahua, remains unclear.
DHS has faced opposition from cities and states where the federal government plans to open mass detention facilities.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
The role of the two CIA agents, who were returning from destroying a clandestine drug lab in the northern Mexican state of Chihuahua, remains unclear.
President Trump cited wasted time and confusion over leadership, adding, "we have all the cards."
Britain's King Charles will be visiting the U.S. starting on Monday to mark America's 250th anniversary – his first trip since his coronation nearly three years ago.
Mali has been plagued by insurgencies fought by affiliates of al Qaeda and the Islamic State group.
U.S. Southern Command shared a video showing a boat floating in the water before an explosion left it in flames.
Frankie Grande sits down with "CBS Saturday Morning" to discuss his starring role in Broadway's latest hit show "Titaníque," after originating the part in the show's Off-Broadway run.
Darla Moore is a billionaire from Lake City, South Carolina, who saw an opportunity to revitalize her small hometown with ArtFields, a festival that transforms the town into a hub for Southern art and history.
Tony-nominated Broadway actor Derek Klena sits down with "CBS Saturday Morning" to discuss his latest venture as a performer and player for the Savannah Bananas baseball team.
Grammy-nominated folk duo The Milk Carton Kids are out with their 7th studio album, "Lost Cause Lover Fool." Here they are performing "A Friend Like You."
Grammy-nominated folk duo The Milk Carton Kids are out with their 7th studio album, "Lost Cause Lover Fool." Here they are performing "A Friend Like You."
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
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 ChatGPT account of the shooter, who killed eight people in a small British Columbia community, had been banned about eight months prior to the massacre.
Some young people are opting to go phone-free to live in the moment. USA Today youth mental health reporter Rachel Hale went to an underground, phone-free party in New York City and wrote about her experience. She tells "The Daily Report" about it.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
President Trump took questions Saturday night after a shooting broke out at the White House Correspondents' Association Dinner. A 31-year-old suspect is in custody. CBS News' Carissa Lawson and Tony Dokoupil anchored this special report.
The White House Correspondents' Dinner, with President Trump in attendance, ended in a shooting on Saturday. Officials identified the suspect as 31-year-old Cole Allen of Torrance, California. CBS News' Nancy Cordes and Sam Vinograd have more.
CBS News' Ed O'Keefe speaks with Weijia Jiang, the president of the White House Correspondents' Association, about her experience during Saturday night's shooting.
U.S. Attorney for the District of Columbia Jeanine Pirro announced charges for the suspect in the White House Correspondents' Dinner shooting on Saturday.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
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.
Nearly 41 years after a New York teenager is killed, an unexpected breakthrough in the case. "48 Hours" correspondent Erin Moriarty reports.
President Trump took questions Saturday night after a shooting broke out at the White House Correspondents' Association Dinner. A 31-year-old suspect is in custody. CBS News' Carissa Lawson and Tony Dokoupil anchored this special report.
The White House Correspondents' Dinner, with President Trump in attendance, ended in a shooting on Saturday. Officials identified the suspect as 31-year-old Cole Allen of Torrance, California. CBS News' Nancy Cordes and Sam Vinograd have more.
CBS News' Ed O'Keefe speaks with Weijia Jiang, the president of the White House Correspondents' Association, about her experience during Saturday night's shooting.
U.S. Attorney for the District of Columbia Jeanine Pirro announced charges for the suspect in the White House Correspondents' Dinner shooting on Saturday.