Buyers return to ARMs as mortgage rates jump above 4%
With rates at their highest point since 2019, some buyers are turning to adjustable-rate mortgages for affordability.
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With rates at their highest point since 2019, some buyers are turning to adjustable-rate mortgages for affordability.
A shift to remote work during the COVID-19 pandemic emptied out offices across the U.S., but companies are now bringing their workers back. However, the real estate market for offices is in a whole different place than it was before the pandemic. Crain's New York Business editor-in-chief Cory Schouten joins CBS News to discuss how small businesses and tenants have the upper hand.
Did your city make the cut?
Russian oligarchs in the U.K. are coming under increasing pressure from both international sanctions and a new British law that aims to increase transparency in real estate purchases. CBS News foreign correspondent Imtiaz Tyab reports on some of the U.K.'s notorious oligarchs and their stately homes.
Real estate prices surged during the pandemic, with 1 in 12 homes now worth at least $1 million, a new analysis finds.
First-time buyers face "challenging conditions" and affordability concerns, a real estate economist said.
As housing prices soar, owning a home in the U.S. "is a signifier of the upper class now," one real estate economist says.
Many homeless people are haunted by drug addiction, mental illness or a criminal past. Elmer Alvarez knows those demons all too well. But when he found a check for $10,000, he knew he had to track down the woman it belonged to. Now, they’re teaming up to help others. Steve Hartman has their story "On The Road."
A small, old-growth forest found inside the New York Botanical Garden is one of the last remnants of what New York was like before New York City existed. It's survived everything from war to farming to real estate development. Now, it now faces a new threat. Michael George has more.
On the heels of a hot housing market in 2021, Zillow says it expects home prices to increase 11% in 2022. Kunal Lunawat, managing partner and co-founder of real estate technology-focused fund Agya Ventures, joins CBSN's Elise Preston to discuss.
It's not just the U.S. coasts experiencing climate change. Communities along the shores of the Great Lakes are seeing it too. Ben Tracy has more for CBS News' series Eye on America.
The hottest real-estate markets next year are likely to be smaller cities with greater affordability, Realtor.com says.
The nationwide shortage of homes for sale is being driven, in part, by a severe shortage of builders. The construction industry says more than 2 million new workers will be needed over the next three years to meet demand. Mark Strassmann takes a look.
The first indication of how much Americans spent on holiday shopping shows lower-than-expected figures. According to MasterCard SpendingPulse, retail shopping was up 2.3 percent, less than the 3.9 percent the National Retail Federation projected; and, Chicken farmer and romance novelist Catherine Elliott's latest works are aimed at a new audience: chickens.
CEO concedes that forecasting housing prices is much harder than the real estate firm expected.
The housing market has taken a hit since the start of the coronavirus pandemic, but there is hope now that some states are reopening. Jonathan Vigliotti takes a look.
Roads, hospitals, water treatment plants also in danger of becoming inoperable. "It's just bonkers," one researcher said.
The typical homebuyer must now spend almost a third of income toward their housing costs, the highest since 2008.
The typical Black family has only a fraction of the wealth of the average White family, and many experts say real estate is the root of the problem.
Wall Street had its worst day since May amid fears that a Chinese real estate company could default, and that the Federal Reserve could begin ending stimulus measures it enacted during the pandemic.
More frequent flooding due to severe weather events has become a major concern in many American cities, but an NPR investigation found that the U.S. Department of Housing and Urban Development has been selling homes in flood zones without fully disclosing the risk to buyers. A spokesperson for the agency told the outlet it requires people who buy these homes to get flood insurance if they want a mortgage backed by the department. Meanwhile, the federal government is spending millions of dollars to move people out of these flood-prone areas. Huo Jingnan, an assistant producer with the NPR investigations team, joins CBSN to discuss.
Millions of renters with little or no credit record have been shut out of the American dream of home ownership. That could soon change.
Millions of people left major cities in 2020 during the pandemic shutdown, but now many are returning. The real estate markets are skyrocketing, with Manhattan real estate brokers reporting the number of sales surging to the highest level in six years. Michael George reports.
U.S. News & World Report's real estate editor Devon Thorsby joins “CBS This Morning” to discuss the top places to live in the U.S. She shares what real estate trends from the pandemic are here to stay.
House-hunters are bidding up prices amid a scarcity of properties, driving up residential real estate costs.
With the U.S.-Israeli war on Iran in its seventh day, Trump says the aim is to "go in and clean out everything," suggesting a regime change objective.
The timing of President Trump's Truth Social post announcing Kristi Noem's removal as DHS secretary took DHS officials and the secretary herself by surprise.
"I just want to know what happened," Rachel Reyes told CBS News during her first TV interview since the death of her son, Ruben Ray Martinez, a U.S. citizen shot and killed by an ICE agent in Texas last year.
GOP Rep. Tony Gonzales had been in a runoff with Brandon Herrera after Tuesday's primary in Texas.
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
The announcement comes amid criticism of DHS spending under Noem, and as Congress has allowed the department's funding to lapse.
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
The U.S. military has formally designated artificial intelligence firm Anthropic a supply chain risk, sources told CBS News, a sweeping move that could cut it off from military contracts.
The House passed a measure to fund the Department of Homeland Security on Thursday, but Senate Democrats blocked similar legislation.
"I just want to know what happened," Rachel Reyes told CBS News during her first TV interview since the death of her son, Ruben Ray Martinez, a U.S. citizen shot and killed by an ICE agent in Texas last year.
The time change known as daylight savings is set to start for 2026, meaning most Americans will lose an hour of sleep when they "spring forward" on Sunday, March 8.
Bernard LaFayette, the advance man who did the risky groundwork for the voter registration campaign in Selma, Alabama, that culminated in the passage of the Voting Rights Act of 1965, has died.
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
The timing of Trump's Truth Social post announcing Kristi Noem's removal as DHS secretary took DHS officials and the secretary herself by surprise.
Mortgage rates are rising as bond investors fret that rising oil prices could boost inflation.
More Americans are digging into their retirement savings for emergency expenses, research from Vanguard shows.
The U.S. military has formally designated artificial intelligence firm Anthropic a supply chain risk, a sweeping move that could cut it off from military contracts.
Job cuts at a Whirlpool factory in Iowa underscore the challenges in reviving American manufacturing. "Every day, workers' jobs are still in jeopardy," a union official said.
Stocks fell sharply on Wall Street on Thursday as oil prices rose further because of the war with Iran.
"I just want to know what happened," Rachel Reyes told CBS News during her first TV interview since the death of her son, Ruben Ray Martinez, a U.S. citizen shot and killed by an ICE agent in Texas last year.
GOP Rep. Tony Gonzales had been in a runoff with Brandon Herrera after Tuesday's primary in Texas.
Relations between the two countries were cut off in 2019, during the first Trump administration.
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
Lindsey Halligan was the interim U.S. Attorney for the Eastern District of Virginia.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Some Republican state lawmakers and health associations are pushing back against spending plans under the Trump administration's $50 billion federal rural health fund.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
Emma Operacz was diagnosed with a rare cancer at 21. An unusual treatment and bone marrow donation from her sister saved her life.
With the U.S.-Israeli war on Iran in its seventh day, Trump says the aim is to "go in and clean out everything," suggesting a regime change objective.
Relations between the two countries were cut off in 2019, during the first Trump administration.
In the week before an Iranian retaliatory strike that killed six U.S. service members, Iranian intelligence was likely able to identify and track American forces, according to a memo reviewed by CBS News.
John Daghita was arrested on the island of Saint Martin, FBI Director Kash Patel said.
Defense Secretary Pete Hegseth gave a press briefing with Admiral Brad Cooper, the commander of U.S. Central Command.
Savannah Guthrie thanked her colleagues for "caring about my mom as much as I do" in her visit to the studio since Nancy Guthrie's disappearance.
(Warning: Spoiler alert ahead!) Savannah Louie, who won season 49 of "Survivor," talks about her early elimination from the show's 50th season, challenges she faced as a former winner and the lesson she took away from the game.
Throughout her career, Annie Leibovitz has photographed influential women, including Supreme Court Justice Ketanji Brown Jackson, Queen Elizabeth and former House Speaker Nancy Pelosi. She spoke to Anthony Mason about the moments behind the photos and what she plans for her future.
Hilarie Burton Morgan, known for playing Peyton on "One Tree Hill," talks about her docuseries, "True Crime Story: It Couldn't Happen Here," which is in its third season. She explains how each episode highlights a case in a small town in the U.S., how the series empowers the audience and recent developments in a cold case.
TV host and food expert Padma Lakshmi, the creator and executive producer of the new CBS series, "America's Culinary Cup," speaks to "CBS Mornings" about creating the cooking competition and how it's different from other shows.
The Pentagon formally designated artificial intelligence firm Anthropic as a supply chain risk on Thursday amid their feud over AI guardrails. Yahoo Finance senior reporter Brooke DiPalma joins CBS News with more.
Anthropic CEO Dario Amodei said his company and the Department of Defense "have much more in common than we have differences."
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.
Hours after the Trump administration ditched Anthropic over the dispute about AI use, OpenAI struck its own deal with the Pentagon. Now the details of that agreement appear to be changing after backlash. Katrina Manson, Bloomberg News reporter, has more.
Drones struck two facilities in the United Arab Emirates directly, and damaged a data center in Bahrain, Amazon said.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
Authorities have arrested a suspect in the killing of three women in Utah, identifying him as Ivan Miller. CBS News correspondent Carter Evans reports.
John Daghita was arrested on the island of Saint Martin, FBI Director Kash Patel said.
Austin Police Chief Lisa Davis played surveillance video and police body cam video.
A suspect is in custody and has been identified after authorities in Utah found three women's bodies in two locations.
A man accused of plotting to kill U.S. politicians said he was pressured by Iran's Islamic Revolutionary Guard Corps to devise the murder-for-hire scheme.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
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.
Rachel Reyes' son, 23-year-old American citizen Ruben Ray Martinez, was shot and killed by a U.S. Immigration and Customs Enforcement agent nearly one year ago. But she told CBS News she's still trying to understand why.
It took less than a minute for Israeli bombs to kill Iran's supreme leader, along with more than 40 senior figures, but according to people directly involved in the planning, the attack was three years in the making. As Matt Gutman reports, the big question now is who will lead Iran next.
The Pentagon formally designated artificial intelligence firm Anthropic as a supply chain risk on Thursday amid their feud over AI guardrails. Yahoo Finance senior reporter Brooke DiPalma joins CBS News with more.
President Trump announced on Thursday that he will replace Kristi Noem with Republican Sen. Markwayne Mullin as Homeland Security secretary. Democratic Sen. Peter Welch of Vermont joins "The Takeout" with his reaction.
Authorities have arrested a suspect in the killing of three women in Utah, identifying him as Ivan Miller. CBS News correspondent Carter Evans reports.