Map shows average home insurance price in your state as risks rise
Home insurance premiums have at times risen 40% faster than inflation. Extreme weather events are likely to make the expense worse.
Homeowners
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.
What can revive the American starter home?
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 Climate Election: Home insurance costs
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.
A quarter of U.S. homeowners unprepared for costs of extreme weather
As climate change whips up wilder weather, more Americans must deal with "hazards they have not faced in the past," expert says.
Realtor group agrees to cut commissions. Here's the financial impact.
The landmark deal, which goes into effect Saturday, could cause real estate fees to drop by as much as 30%, experts say.
New rules for buying a home
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.
How zombie mortgages haunt homeowners
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.
California mom had no idea she owed thousands
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.
Man says zombie mortgage led to foreclosure
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.
Veteran could lose home due to zombie mortgage
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.
How to protect your home from a hurricane
With meteorologists predicting an above normal hurricane season, here's what residential construction experts say you can do to harden your home.
Amid flooding, many in Minnesota lack flood insurance
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.
Minnesota homeowners react to historic flooding
Some Minnesota homeowners have lost everything in this week's severe flooding and more rain remains in the forecast. Tom Hanson has more.
How property owners and lawmakers are turning the tables on squatters
New anti-squatting laws in several states are giving more power back to homeowners, but the issue persists.
Owners enlist "Squatter Hunter"' to get back homes
"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.
Some homeowners left in limbo waiting on anti-squatting laws
Squatters' rights go back to the British legal system, but good intentions have led to some modern-day nightmares.
How property owners are dealing with squatters
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.
Many burdened by spiking home insurance rates
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.
Here's how much you have to make to afford a starter home in the U.S.
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 won't renew homeowners coverage for 72,000 California dwellings
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.
Changes to real estate agent commissions
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.
New data on minority homeownership
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 expected to fall slightly
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.
Rents fall nationwide for third straight month as demand cools
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
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