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.
Mortgage Rates
Americans in their 30s struggle with debt
Americans in their 30s are struggling with mounting debt, surpassing other age groups, and rising interest rates are making it harder to pay the bills. CBS News' Tony Dokoupil and Lilia Luciano are joined by Yahoo Finance reporter Akiko Fujita.
Fed hikes interest rates by a quarter-point
As it continues efforts to combat inflation, the Federal Reserve on Wednesday increased interest rates by a quarter-point. In a statement, the Fed said that further hikes are likely.
Home sellers turn to "mortgage buydowns" as housing cools
Once-hot housing markets are cooling, requiring people to get creative to sell their homes.
Experts predict lower housing prices
Many real estate experts say they expect to see lower housing prices in 2023. CBS News' Tony Dokoupil and Lilia Luciano are joined by Kenny Simpson, mortgage adviser for The Simpson Team, to discuss the market trends.
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.
Is it a good time to refinance your mortgage?
A growing number of homeowners are considering refinancing as mortgage rates begin to decline. Mike Fratantoni, chief economist at the Mortgage Bankers Association, joins CBS News' Lana Zak and Jim Axelrod to discuss the state of the housing market.
Mortgage rates take another dip
Mortgage rates drop for the fifth week in a row despite the Federal Reserve's recent interest rate hike. BancAlliance President Lori Bettinger joins CBS News Mornings to explain what's spurring the dip.
Jamie Dimon on Ukraine, China, homeownership and more
Jamie Dimon, the CEO of JPMorgan Chase, discusses the economic impact of Russia's war in Ukraine, China loosening its "zero COVID" policy, mortgage rates and more.
An alarming number of 2022 homebuyers are already underwater
Hundreds of thousands of homeowners who bought properties this year owe more than their homes are worth.
Home sales could plunge in 2023. These cities may see the worst.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
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.
Mortgage rate soars to 6.7%, highest since 2007
According to Freddie Mac, the average 30-year mortgage rate in the U.S. has risen to 6.7%, the highest since 2007. Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, joined CBS News to provide some advice for new homebuyers.
Stock market falls as midterm results come in
The stock market fell more than 600 points on Wednesday, erasing Tuesday's gains. Managing Director of Wedbush, Dan Ives, joins CBS News to discuss the markets' reaction, the recent fall in demand for mortgages, and tomorrow's Consumer Price Index report.
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.
Fed raises rates by three-quarters of a point
The Federal Reserve has taken the aggressive step of raising interest rates by another three-quarters of a percentage point. Jeff Taylor, board member at the Mortgage Bankers Association, and CBS News reporter Sarah Ewall-Wice join anchors Errol Barnett and Lana Zak to discuss what this means for the economy.
Mortgage rates blow past 7% for first time in two decades
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
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.
Mortgage rates on the rise
The average interest rate on the most popular U.S. home loan has reached its highest level in more than two decades. Danielle Hale, chief economist for realtor.com, discussed how concerned Americans should be, how housing prices are affected and the potential impact of the Federal Reserve's expected interest rate hike next week on the housing market.
MoneyWatch: Home prices could drop in 2023
Economists predict U.S. home prices could fall by as much as 20% in 2023 as mortgage rates rise. CBS News MoneyWatch reporter Khristopher Brooks breaks down what's driving the expected shift.
Prospective homebuyers holding off
Rising mortgage rates are pressuring some prospective homebuyers to put the cash they've saved up for a down payment off to the side. CBS News' Elaine Quijano and Tony Dokoupil speak with James Faris, investment reporter at Insider, about what to do with that hard-earned money.
Soaring mortgage rates likely to keep climbing, analysts say
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Surging mortgage rates cool U.S. housing market
Home prices rose 43% in two years, but now in cities that had those massive spikes, prices are being slashed. Danya Bacchus has more.
Voter data Trump claimed China obtained is easy to get in most states
President Trump called China's acquisition of voter information "the largest compromise of election data in history." In 20 states, anyone can get this information with a simple public request.
Live
U.S. finishes 7th straight night of Iran strikes as Strait of Hormuz freezes up
As the U.S. and Iran escalate attacks 140 days into the war, an industry analyst says "nobody is willing to move" through the Strait of Hormuz.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Ukrainian drone attacks on Russia kill at least 8, injure over 60
Kyiv's forces are continuing their relentless aerial campaign against energy infrastructure and military targets inside Russia.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
Maps show wildfire smoke forecast, air quality alerts in U.S.
Heavy smoke from several large wildfires blazing in Canada and Minnesota is engulfing large swaths of the Midwest and the U.S. East Coast this week.
Feeding Our Future fraud ring's alleged No. 2 appears in court after Somalia arrest
Forty-two-year-old Abdikerm Eidleh appeared in federal court in St. Paul on Friday, just weeks after he was arrested in Mogadishu.
U.S.
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
2 kidnapped Forest Service workers safe after being zip-tied, held at gunpoint
Two suspects, a father and his adult son who were allegedly armed with guns and knives, have been arrested, authorities said.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
MoneyWatch
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Boomer wealth transfer will mostly benefit the already rich, report finds
Trillions of wealth passed down by the baby boomers will likely go to younger Americans who are already rich. Here's how much they'll get.
Coca-Cola temporarily halts production of Fairlife milk after cyberattack
A cybersecurity incident has forced Coca-Cola to suspend Fairlife milk production in the U.S. An investigation is underway.
Trump Media to sell faster access to president's Truth Social posts
"Markets already move on Truth Social posts," the company's chief executive said in the Truth API announcement.
Politics
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DOJ says it's no longer illegal to download TikTok on federal devices
The Justice Department determined this week a federal law banning TikTok from government devices no longer applies to the social video app.
What to know about Trump's claim that over 250K non-citizens are registered to vote
Homeland Security Secretary Markwayne Mullin sent letters to four states alleging that a combined 250,000 non-citizens were registered to vote. Elections experts caution that could be a significant overcount.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
House panel probing Epstein asked Leon Black about birthday book, their friendship
Billionaire Leon Black, who paid Epstein $158 million for tax advice, was subpoenaed for a second interview with the House Oversight Committee in September.
Voter data Trump claimed China obtained is easy to get in most states
President Trump called China's acquisition of voter information "the largest compromise of election data in history." In 20 states, anyone can get this information with a simple public request.
HealthWatch
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Model diagnosed with aggressive cancer after finding lump while shaving
Alison McCullough was in the best shape of her life and preparing for New York Fashion Week when she found a lump under her arm.
Mexican lettuce potential source of parasite
Authorities have traced the cyclosporiasis outbreak to Mexican-grown lettuce delivered to Taco Bell by Taylor Farms. Jonathan Vigliotti reports.
Taylor Farms pulls iceberg lettuce linked to cyclosporiasis outbreak
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
FDA approves new cholesterol pill
The FDA has approved a new daily cholesterol pill that works differently from popular statins and may deliver better results for some people. Dr. Corey Bradley, a cardiologist at Columbia University's Irving Medical Center, joins "CBS Evening News" to discuss.
FDA names likely cyclosporiasis source
The FDA has identified Taylor Farms as the likely source of lettuce contaminated with the parasite behind cyclosporiasis, as the outbreak grows. Mark Strassmann reports.
World
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Ukrainian drone attacks on Russia kill at least 8, injure over 60
Kyiv's forces are continuing their relentless aerial campaign against energy infrastructure and military targets inside Russia.
Trump threatens Canada with higher tariffs over wildfire smoke
President Trump threatened more tariffs on Canada for wildfires that have blanketed large parts of the Midwest and East Coast in smoke in recent days.
Journalist targeted by Iran says U.K.'s crackdown on IRGC is "the happiest day"
British Iranian journalist Pouria Zeraati was stabbed in what is believed to have been an Iranian state-sponsored attack in 2024.
Strong earthquake hits Mexico-Guatemala border, tsunami alert lifted
The U.S. Geological Survey reported that the earthquake had a magnitude of 7.3 with the epicenter 30 miles southwest of Aquiles Serdan, Mexico.
Brenda Fricker, Oscar winner who played Pigeon Lady in "Home Alone 2," dies
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
Entertainment
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Entertainment
"The Odyssey" inspires interest in original poem
Before Christopher Nolan's "The Odyssey," there was Homer's original epic poem. Kelly Olson, graduate chair of the Department of Classical Studies at the University of Western Ontario, joins CBS News to unpack the history of the Greek tale.
Brenda Fricker, Oscar winner who played Pigeon Lady in "Home Alone 2," dies
Brenda Fricker won an Academy Award for 1989's "My Left Foot," played the Pigeon Lady in "Home Alone 2" and appeared in "A Time to Kill" and "So I Married an Axe Murderer."
Stars of "The Odyssey" preview film
Anne Hathaway and Matt Damon, who star in "The Odyssey," speak to "CBS Mornings" about the movie, the challenges they faced during filming and working with Oscar-winning director Christopher Nolan.
From the archives: Pat Oliphant and the art of political cartoons
Pulitzer Prize-winning cartoonist Pat Oliphant, whose acidic drawings skewering political figures were syndicated in as many as 500 publications around the world, died on July 13, 2026 at age 90. In this April 16, 2000 "Sunday Morning" story, Oliphant talked with Morley Safer about caricature, censorship, and the influence of the first great political cartoonist, 19th century French master Honoré Daumier, whose grotesque drawings of King Louis Philippe led to a curtailment of press freedom in France in 1835.
George Santos to try hand as contestant in grueling TV reality show
George Santos has worn many hats: swindler, congressman, prison inmate, podcast host. The obvious next gig? Reality TV show contestant.
Technology
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Technology
Erin Brockovich on data center regulation
New York is now the first state to temporarily ban data center construction, paving the way for others to follow suit. Environmental advocate Erin Brockovich joins "The Takeout" to discuss.
Mayor to homeowner losing sleep over data center plant: "Consider selling"
Noise from a Mississippi plant powering Elon Musk's xAI data centers in the area is causing migraines, ringing ears and sleepless nights, residents say.
How AI powered robots are helping small farms
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.
Mississippi residents decry data center plant
Residents of Southaven, Mississippi, are sounding off about a data center plant powering Elon Musk's xAI data centers in the area, likening the constant noise to being tortured.
Meta announces new safety features
Meta announced it is introducing new features to help protect teens using Instagram, Facebook and WhatsApp, including alerting a parent if their child discusses self-harm with one of its AI chatbots. Kelly O'Grady explains.
Science
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Science
Wildfire smoke continues to shroud U.S.
Millions of people are enduring dangerous air quality as Canadian wildfire smoke shrouds the skies. Jonathan Overpeck, dean of the School for Environment and Sustainability at the University of Michigan, explains how climate change is worsening wildfires.
How AI data centers impact the environment
New York has become the first state to impose a temporary moratorium on data center development while state lawmakers lay the groundwork to assess environmental and social impacts. Dr. Mike Weinstein, the director of sustainability at Southern New Hampshire University, explains what we know about the wider environmental impact data centers.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomer's name deciphered from ancient Mayan ruins for first time
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
Disclosure Foundation head on new UFO files
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
Crime
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Feeding Our Future fraud ring's alleged No. 2 appears in court after Somalia arrest
Forty-two-year-old Abdikerm Eidleh appeared in federal court in St. Paul on Friday, just weeks after he was arrested in Mogadishu.
Agent in ME shooting has violent record: AP
The ICE officer who shot and killed a Maine man has a history of violent behavior, the Associated Press reports, citing interviews with family and court records. CBS News' Camilo Montoya-Galvez has the latest.
"Master yachtsman" fugitive captured on boat after 21 years on the run
Ronald L. Fischer, who was featured on "America's Most Wanted," fled Rhode Island during his criminal trial for first-degree sexual assault in 2005.
Journalist known as "The Jaguar" shot dead in Mexico
The state government condemned the murder of Josue Martinez, and called on prosecutors to launch a probe in order to find those responsible.
U.S. designates cartel on Texas border as foreign terrorist organization
The Juárez Cartel and Los Viagras joined six other Mexican criminal organizations that the U.S. considers terrorist groups.
Space
More Space
Meteorite that hit home contains "alien world chemistry," experts say
When scientists examined the preserved fragments of a meteorite that crashed in 2024, they found brine-like fluids and key molecules.
Russian Soyuz rocket launches fresh crew to space station
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
Astronomers discover sugar in space that's also found in raspberries
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Telescope spots most distant quasars ever discovered
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Mission launched to rescue a falling space telescope
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Photos show celebrations at Obama Presidential Center
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer music highlights of 2026
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.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Latest CBS News Videos
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Latest CBS News Videos
"The Odyssey" inspires interest in original poem
Before Christopher Nolan's "The Odyssey," there was Homer's original epic poem. Kelly Olson, graduate chair of the Department of Classical Studies at the University of Western Ontario, joins CBS News to unpack the history of the Greek tale.
Darline Graham considering Senate campaign
President Trump urged late Senator Lindsey Graham's sister, Darline, who is temporarily replacing him in Congress, to run for his seat in South Carolina's upcoming special election. Fin Gómez reports.
Trump makes new election claims
In a primetime address on Thursday evening, President Trump accused China of interfering in U.S. elections as he questioned the integrity of the country's voting system. CBS News' Jake Rosen fact-checks his claims.
Spain, Argentina prepare for World Cup final
Tens of thousands of fans, along with President Trump, are expected to gather in New Jersey on Sunday as Spain and Argentina battle for the World Cup trophy. Nicole Valdes reports.
7-foot-3 man sworn in as Texas police officer
At 7-foot-3, Jordan Wilmore was told his entire life that he was destined for a career in basketball. But that was never his dream. Steve Hartman has the story.