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.
Real Estate
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.
Why home buying could be cheaper soon
The National Association of Realtors, which represents more than a million real estate agents nationwide, settled a number of lawsuits Friday. One of the conditions of the agreement is that rules on commissions for agents brokering a home sale will be eliminated, meaning that the standard 5% to 6% commission rate could be gone as soon as this summer.
Biden wants a $10,000 tax credit for homebuyers. Here's what to know.
The White House is proposing a "mortgage relief credit" that would give homebuyers an annual tax credit of $5,000 for two years.
Study: Workers living further from offices
A recent study finds Americans are choosing to live further from their offices, embracing remote work and more retired living over classic office work models. Emma Goldberg, a business reporter for the New York Times, joins CBS News with a look at the data.
How China plans to fix its economic slowdown
China is holding its biggest political meeting of the year. Anthony Saich, Daewoo Professor of International Affairs at Harvard Kennedy School, joins CBS News to discuss what measures Chinese leaders are taking to address an economic slowdown and what this means for the rest of the world.
Here's how to negotiate a lower fee from your real estate agent
It's worth politely asking your agent to lower their commission fee. More than half of those who do so are successful.
Home prices up 6.5% over last year: Report
New data from the Federal Housing Finance Agency shows prices for homes rose 6.5% over the last year. CBS News contributor Javier E. David has more on whether there will be any relief coming for prospective home buyers. He also discussed Macy's plans to close about 150 underperforming stores over the next three years.
Work from home upends commercial real estate
As more employers embrace the work-from-home model, commercial real estate is reeling from declining demand and staggering occupancy rates. Benjamin Keys, a real estate pressor at The Wharton School of the University of Pennsylvania, joins CBS News with a look at the changing trends.
High rents leave many financially stretched
While rents have been easing for the past few months nationwide, prices are still up significantly compared to before the pandemic, largely due to inflation. Providence, Rhode Island, saw one of the highest rent increases in the U.S. last year, and according to researchers, you need a salary of close to $83,000 to afford a two-bedroom apartment there. Nancy Chen reports.
Here are the most and least expensive U.S. neighborhoods per square foot
Homes in the most expensive ZIP codes cost almost 200 times more than the cheapest on a square-foot basis, a new analysis finds.
Millennials struggling to afford city homes
Researchers have found millennials are having a hard time paying for city housing markets. Dr. Riordan Frost, senior research analyst at the Harvard Joint Center for Housing Studies, joined CBS News to discuss why the generation is getting priced out.
Converting office buildings into residences
New York City is aiding some office building owners wanting to convert their property into residential spaces to meet the changes sparked by the COVID-19 pandemic, which led to more remote work opportunities and less demand for office space. Kate Marino, a business editor at Axios, joins CBS News with her reporting on the real estate transition.
20 U.S. cities where home prices are expected to rise the most in 2024
Mortgage rates are still much higher than two years ago, but pent-up demand is driving home prices higher, one economist says.
Empty offices spell trouble for landlords
Hybrid work has put office building owners in a bind and could pose a risk to banks. Landlords are now confronting the fact that some of their office buildings have become obsolete, if not worthless.
Converting vacant offices into apartments
Transforming unused office buildings into urban housing could solve two problems rippling through the real estate world — if only it were so easy.
Owners saddled with half-empty office buildings as hybrid work trend continues
Hybrid work has put office building owners in a bind and could pose a risk to banks. Landlords are now confronting the fact that some of their office buildings have become obsolete, if not worthless.
Converting vacant offices into apartments
Transforming unused office buildings into urban housing could solve two problems rippling through the real estate world — if only it were so easy.
How empty office buildings are setting cities on a doom loop
A real estate sector rocked to its foundations by empty offices is struggling to adapt to hybrid work. The trouble with office buildings could ripple through the economy, hitting banks.
Potential Trump civil trial punishment
Former President Donald Trump and the other defendants in the New York civil fraud trial brought by the state's attorney general, Letitia James, are facing the possibility of a $370 million fine and a lifetime ban from working in New York real estate, among other sanctions. CBS News chief election and campaign correspondent Robert Costa is following the latest in the trial.
Commercial Real Estate | Sunday on 60 Minutes
As occupancy rates have hit historic lows and interest rates have spiked, the value of office buildings is tanking. This Sunday, Jon Wertheim looks at the crisis in commercial real estate.
Hispanic home ownership increasing in U.S.
Hispanics are more prepared to buy a home than ever before, according to a new report from the National Association of Hispanic Real Estate Professionals. CBS News' Cristian Benavides reports from Miami, Florida.
The U.S. states where homeowners gained — and lost — equity in 2023
Although home prices have continued to rise across much of the U.S., homeowners in some states saw their home equity shrink.
2023 was brutal for homebuyers. Here's what to expect in 2024.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
Rate hike pause could be good for your 401(k)
An end to the interest rate hike cycle may be in sight with inflation cooling. Al Root, a senior writer at Barron's, breaks down how the rate hike pause could positively impact your retirement savings plans.
Trump and Zelenskyy say they're nearly in agreement on Ukraine peace plan
President Trump met with Ukrainian President Volodymyr Zelenskyy on Sunday after he said he had a "good and very productive" call with Russian President Vladimir Putin.
Exclusive
Bondi Beach shooting hero says he just wanted to save innocent people
Ahmed al Ahmed, the man hailed as a hero for disarming one of the gunmen behind a deadly antisemitic attack on Australia's Bondi Beach, says he just wanted to save innocent people.
Bank of America CEO warns market "will punish people" without independent Fed
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Brigitte Bardot, 1960s cinema icon and animal rights activist, dies at 91
At the height of a cinema career that spanned some 28 films and three marriages, Brigitte Bardot came to symbolize a nation bursting out of bourgeois respectability.
Top news headlines of 2025 month-by-month
From political upheavals and gun violence, to the first American-born pope, "Sunday Morning" host Jane Pauley looks back at key events of a transformative year in U.S. history.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
1 person killed after 2 helicopters crash in Hammonton, NJ
One person was killed and another was critically injured after a helicopter collision
Gas line explosion shuts down major Southern California freeway
Several lanes of the 5 Freeway were closed and a shelter-in-place order was issued to residents in Castaic, California, after a gas line ruptured on Saturday.
Tracking winter "bomb cyclone" snarling flights. Maps show the latest forecast
More than 51 million Americans live in areas under winter storm alerts stretching from northern Minnesota to the Eastern Seaboard.
U.S.
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Full transcript of "Face the Nation with Margaret Brennan," Dec. 28, 2025
On this "Face the Nation with Margaret Brennan" broadcast, CBS News correspondents Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
"Hail and farewell": A tribute to those we lost in 2025
"Sunday Morning" looks back at some of the newsworthy men and women who passed away this year – from musicians and storytellers, to activists and statesmen – who touched us with their creativity and humanity.
Luke Burbank on making realistic New Year's resolutions
Forget about hitting the gym, or signing up for a foreign language app. Luke Burbank resolves to do far better with his New Year's resolutions in 2026 by committing to goals he can actually keep … probably.
The history of the New Year's Eve ball drop
Since 1907, New Yorkers have marked the New Year with the ceremonial dropping of a huge ball in Times Square. Now, a brand-new ball, covered with more than 5,000 handcrafted Waterford Crystal discs, will help ring in 2026.
MoneyWatch
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Bank of America CEO warns market "will punish people" without independent Fed
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Planning to return unwanted Christmas gifts? You may be charged fees.
Several major retailers are now charging customers to return items even if they are unopened and in perfect condition.
U.S. stocks hover at record highs after the Christmas holiday
Stocks are mostly flat in quiet morning trading on Friday as investors return from the Christmas holiday.
Here's what is open on the day after Christmas, from retailers to banks
With President Trump declaring Dec. 26 a federal holiday, here's what's open and closed on Dec. 26.
5 money moves to make in 2026, according to financial experts
As many Americans head into 2026 with mounting money worries, reviewing your finances now could help put you on firmer footing next year.
Politics
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Full transcript of "Face the Nation with Margaret Brennan," Dec. 28, 2025
On this "Face the Nation with Margaret Brennan" broadcast, CBS News correspondents Major Garrett, Robert Costa, Jan Crawford, Jennifer Jacobs and Scott MacFarlane join Margaret Brennan.
Trump and Zelenskyy say they're nearly in agreement on Ukraine peace plan
President Trump met with Ukrainian President Volodymyr Zelenskyy on Sunday after he said he had a "good and very productive" call with Russian President Vladimir Putin.
Bank of America CEO warns market "will punish people" without independent Fed
Bank of America Chairman and CEO Brian Moynihan stated last week that, as President Trump seeks a new chair of the Federal Reserve, maintaining the banking system's independence is paramount.
Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025
The following is the transcript of the interview with Bank of America Chairman and CEO Brian Moynihan that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025. Editor's note: This interview was filmed on Dec. 17, 2025.
Trump calls for release of any Epstein files naming Democrats: "Embarrass them"
As prosecutors contend with a massive trove of Epstein files, President Trump suggested Friday the Justice Department is spending too much time on the issue — but said Democrats should be named.
HealthWatch
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HealthWatch
Flu cases skyrocket across the U.S
Nearly five million flu cases have been reported nationwide, the CDC estimates, and at least 1,900 people have died from the virus. "CBS Saturday Morning" has more on why this year's strain is breaking records.
Baby defies all odds after growing outside his mom's womb
Suze Lopez, a 41-year-old nurse who lives in Bakersfield, California, didn't know she was pregnant with her second child until days before giving birth.
FDA approves Wegovy pill for weight loss
The Food and Drug Administration has approved a pill version of the weight-loss drug Wegovy.
Aetna to cover IVF treatments for same-sex couples in national settlement
A federal judge has approved a preliminary agreement for a class action lawsuit requiring Aetna to cover fertility treatments for same-sex couples as they do with heterosexual couples.
Flu season is ramping up, and some experts are "pretty worried"
Doctors and scientists say this year's influenza season could be tougher than usual, with a new version of the flu virus, called H3N2, spreading quickly.
World
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Exclusive
Bondi Beach shooting hero says he just wanted to save innocent people
Ahmed al Ahmed, the man hailed as a hero for disarming one of the gunmen behind a deadly antisemitic attack on Australia's Bondi Beach, says he just wanted to save innocent people.
Knife attack in Suriname kills at least 9 people, police say
The attack took place in Richelieu in the Commewijne district about 25 kilometers (15 miles) east of Paramaribo.
Transcript: Bank of America CEO Brian Moynihan on "Face the Nation with Margaret Brennan," Dec. 28, 2025
The following is the transcript of the interview with Bank of America Chairman and CEO Brian Moynihan that aired on "Face the Nation with Margaret Brennan" on Dec. 21, 2025. Editor's note: This interview was filmed on Dec. 17, 2025.
South Korean mine could soon supply the U.S. with a critical mineral
The Sangdong mine contains millions of tons of tungsten, known as a war metal that can withstand extraordinary temperatures, something the U.S. desperately needs for defense.
1,000-pound U.S.-made WWII bomb found in Belgrade construction site
Unexploded bombs dating back to past wars have been discovered in Serbia and around the world in recent years.
Entertainment
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Entertainment
Brigitte Bardot dies at 91
Actress Brigitte Bardot has died at the age of 91. Elizabeth Palmer looks back on her life.
MetroCard art: Swiping beauty from the mundane
On December 31, New York City will officially retire the transit system's MetroCard, that ubiquitous piece of plastic used to gain entrance onto subways and buses. But there is beauty in using MetroCards as the raw materials for art, as Thomas McKean has found in his collages and miniature sculptures depicting portraits of city life. Serena Altschul reports.
2025: The year's top books
"Sunday Morning" checks out the bestselling fiction and non-fiction of the past year.
2025: The year's top movies
"Sunday Morning" checks out the highest-grossing films of the past year.
2025: The year's top music
"Sunday Morning" checks out Spotify's top streaming hits of the past year.
Technology
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Technology
Instacart ending AI price tests for retailers
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Tech companies push for data centers
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
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.
Top tech gadgets of 2025
Timothy Werth, a tech editor at Mashable, joins "CBS News 24/7" to discuss the best gadgets of 2025.
Instacart to end AI price tests for retailers following investigation
Instacart had drawn criticism for testing an AI-based system that enabled retailers to charge different prices for the same grocery items.
Science
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Major climate research center on Trump administration chopping block
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
Researchers capture video of rare polar bear adoption
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Dinosaur tracks showing "herds moving in synchrony" found in Italy
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
Interstellar comet is making its closest approach to Earth
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
Fossil footprints in Bolivia reveal dinosaurs' awkward attempts to swim
Paleontologists have discovered and documented 16,600 footprints left by theropods, the dinosaur group that includes the Tyrannosaurus rex.
Crime
More Crime
Knife attack in Suriname kills at least 9 people, police say
The attack took place in Richelieu in the Commewijne district about 25 kilometers (15 miles) east of Paramaribo.
Man says wife was killed by pipe coming through car windshield
Todd Kendhammer said his wife Barbara was killed in a freak accident, but a Wisconsin jury didn't believe him. Can his new attorneys upend the case with what they say is critical new evidence?
Man charged with fatal shooting of woman during backyard target practice
The victim was sitting with her family under a covered porch several blocks away when she was hit by a bullet, according to a probable cause affidavit.
Dad uses cellphone data to rescue missing daughter, police say
After a teen didn't return from walking her dog, her dad used cellphone data to find her in a secluded area two miles away.
What's next on the Epstein files release?
Lawmakers may take action against the Department of Justice for the delayed release of the Jeffrey Epstein files. CBS News legal contributor Jessica Levinson weighs in.
Space
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Space
NASA's search for next lunar rover
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
Artemis 2 astronauts rehearse countdown for upcoming moon launch
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
Woman is first wheelchair user launched into space
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
Blue Origin safely launches wheelchair user to space and back
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
Jared Isaacman, billionaire who's flown with SpaceX, confirmed to lead NASA
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
Latest Galleries
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Notable Deaths in 2025
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Helicopters collide above New Jersey
One pilot is dead and another has life-threatening injuries after the helicopters they were operating collided in mid-air above New Jersey, about 35 miles southeast of Philadelphia. CBS Philadelphia's Ray Strickland has more.
Inside the comeback of California condors
More than a dozen California condors born in captivity are getting their first flights of freedom. Joy Benedict reports.
Bondi Beach hero speaks out
Ahmed al Ahmed, the man who disarmed one of the Bondi Beach gunmen, spoke with CBS News for an exclusive interview. Jericka Duncan reports.
Brigitte Bardot dies at 91
Actress Brigitte Bardot has died at the age of 91. Elizabeth Palmer looks back on her life.
Large gas leak north of Los Angeles
Utility crews in California are trying to determine the cause of a rupture in a massive natural gas line that forced a major interstate to shut down. Andres Gutierrez has more.