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.
Real Estate
Biden administration says it wants to cap rent increases at 5% a year
The Biden administration wants a new law that would cap annual rent increases at no more than 5% — or landlords would lose a major tax break.
Arizona's Maricopa County sees spike in evictions
Since March 2023, Maricopa County, Arizona, has led the nation in eviction filings, with one Phoenix judge hearing as many as 500 eviction cases a month. It's part of an affordable housing crisis attributed to rising rents. Kris Van Cleave explains.
Growing divide in Wyoming as billionaires send prices sky-high
Teton County's $108,000 median income is still not enough to afford the $7 million average cost for a home in Jackson Hole.
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.
Mortgage closing fees are in the hot seat. Here's why feds are looking into them.
As home prices nationwide continue to climb, the federal government is looking into a recent spike in upfront costs associated with buying a house.
Home sales fell in April, new data shows
Home sales appear to have fallen in April, according to new data from the National Association of Realtors. CBS News business analyst Jill Schlesinger breaks down the current trends in the real estate market.
Here's what Americans think is the best long-term investment
What's the best place to park your money? Americans put their faith in this long-term investment, a new Gallup poll shows.
The Fed is struggling to break the back of inflation. Here's why.
The Federal Reserve's campaign to snuff out runaway inflation has bogged down this year. Blame housing costs.
Thousands losing homeowners insurance
Hundreds of thousands of people across the U.S. are losing their homeowners insurance, with four major companies ending coverage in California due to the growing risk of wildfires. Companies in Florida are canceling policies due to increased hurricane risks. Matthew Eby, the founder and CEO of First Street Foundation, a nonprofit that studies climate risks, joined CBS News to discuss .
Rise in all-cash transactions turbo charge price gains for luxury homes
Some 46.8% of luxury homes were bought entirely with cash in the three months ended February 29, the highest share in a decade, according to Redfin.
Cost of buying a home in America reaches a new high, Redfin says
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Former HGTV star from Los Gatos sentenced in $10M real estate fraud case
A Los Gatos man who starred in a real estate reality show was sentenced to jail and ordered to pay back nearly $10 million to his victims after admitting to real estate fraud, prosecutors said Tuesday.
Vietnam real estate tycoon sentenced to death
Truong My Lan, a 67-year-old Vietnamese property magnate, has received a death sentence after being convicted of embezzlement, bribery and banking violations in a scheme that defrauded the Saigon Commercial Bank of more than $12 billion over a 10-year period.
Convicted child abuser's $5 million Utah home most viewed real estate listing
The house, which was built in 2017, has a five-car garage, and three-and-a-half baths.
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.
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.
Senate confirms Todd Blanche, Trump's ex-defense lawyer, as attorney general
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
Live
Iran says strait won't open until the U.S. "corrects" behavior
The United Arab Emirates' Abu Dhabi National Oil Company said one of its ships was targeted while transiting the strait on Saturday.
Senate approves bill to fund government into December
The measure was approved in a 90 to 6 vote and now goes to the House.
Wildfires in western Canada forces more than 20,000 people to evacuate
The Bald Range wildfire was first reported on Friday evening.
Drones spotted over German military base amid uptick in similar incidents
Drone sightings over civilian and cargo airports have been reported more frequently.
Jorge Messi, father of Argentina great Lionel Messi, dies at 68
Jorge Messi served as his son's agent and accompanied him to Europe when he signed with Barcelona as a teenager.
Powerball grows to highest jackpot of the year
The total is also the eighth-largest Powerball jackpot in the game's history.
NFL legend Roger Craig reveals he has vascular dementia during Hall of Fame speech
The former San Francisco 49ers star running back spoke in a prerecorded video message while he sat on stage wearing his gold jacket at Tom Benson Stadium on Saturday.
Girl dies from injuries after school shooting in Thailand as death toll rises
Five school staff members died in the shooting outside Bangkok. The shooter also appeared to have killed his two grandparents.
U.S.
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Video shows Alabama deputies wrangling a 1,500-pound runaway bull
The Pickens County Sheriff's Office said that after "a few slips and falls," the bull was back in custody without any injury.
NFL legend Roger Craig reveals he has vascular dementia during Hall of Fame speech
The former San Francisco 49ers star running back spoke in a prerecorded video message while he sat on stage wearing his gold jacket at Tom Benson Stadium on Saturday.
Powerball grows to highest jackpot of the year
The total is also the eighth-largest Powerball jackpot in the game's history.
Senate confirms Todd Blanche, Trump's ex-defense lawyer, as attorney general
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
Senate approves bill to fund government into December
The measure was approved in a 90 to 6 vote and now goes to the House.
MoneyWatch
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A quandary for the Fed: Dealing with hot inflation and cool job growth
A sudden slump in hiring has dramatically changed the outlook for the Federal Reserve's September interest rate decision.
Energy company sues data center over who should pay for AI buildout
At issue is who pays to expand energy infrastructure when a data center needs as much electricity as a midsize city.
Americans got their biggest raises in 40 years. Inflation took most of it.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
July jobs report reveals unexpected loss of 23,000 jobs
Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.
Warren presses U.S. companies to share tariff refunds with customers
Companies receiving billions in refunds for U.S. tariffs struck down by the Supreme Court should return money to consumers, Sen. Elizabeth Warren said.
Politics
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Hawaii Rep. Ed Case faces primary challenger and more to watch in today's races
Democratic incumbents in safe districts in New York and Colorado have been ousted so far this year by primary challengers.
Senate confirms Todd Blanche, Trump's ex-defense lawyer, as attorney general
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
Senate approves bill to fund government into December
The measure was approved in a 90 to 6 vote and now goes to the House.
Pentagon revokes security clearance of former Air Force chief
The Pentagon alleged that former U.S. Air Force Secretary Frank Kendall disclosed sensitive information about Air Force One's capabilities to the media.
U.S. intel agencies warn Putin could test NATO by authorizing provocative actions
U.S. intelligence assessments indicate Russia could be increasingly willing to authorize provocative actions on NATO territory, with a goal of testing the alliance, U.S. officials said.
HealthWatch
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HealthWatch
Handling health expenses in retirement
Some older Americans find themselves at a loss when it comes to managing healthcare expenses after retirement starts. Jill Schlesinger has tips on how to stay healthy after retiring.
Man has "miracle" recovery after heart defect causes rare massive stroke
One year after a massive stroke nearly incapacitated him, Todd Meiklejohn is opening up about his experience.
"Pink flags" of postpartum psychosis — and more takeaways from "Healthful"
Perinatal psychiatrist Dr. Uruj Kamal Haider and Kriti Lodha joined a special edition of "Healthful" to talk more about mental health conditions, including postpartum psychosis.
The Truth About Postpartum Psychosis
The issue of postpartum psychosis has come to the forefront amid the murder trial of Lindsay Clancy, the 35-year-old mother accused of killing her three children. What are the signs of a mental break, and is the healthcare system failing mothers? In this special episode of Healthful, Norah speaks with Dr. Uruj Kamal Haider, a perinatal psychiatrist who has treated patients with the rare and severe mental health emergency. She also speaks with Kriti Lodha, a postpartum psychosis survivor who has made it her mission to help other mothers.
Flesh-eating bacteria has killed 5 in Louisiana this year, officials say
A flesh-eating bacteria found in warm coastal waters is responsible for at least five deaths so far this year in Louisiana, state health officials reported Thursday.
World
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Costa Rica's newly discovered "coffee frog" faces risks from farm pesticides
Measuring less than 4 centimeters and known as the "spring frog," the dark green-spotted amphibians were observed in San Lorenzo de Tarrazu.
Drones spotted over German military base amid uptick in similar incidents
Drone sightings over civilian and cargo airports have been reported more frequently.
Jorge Messi, father of Argentina great Lionel Messi, dies at 68
Jorge Messi served as his son's agent and accompanied him to Europe when he signed with Barcelona as a teenager.
Wildfires in western Canada forces more than 20,000 people to evacuate
The Bald Range wildfire was first reported on Friday evening.
U.S. pledges $1 billion to Colombia as new right-wing president takes office
Abelardo de la Espriella, a millionaire lawyer with a taste for spectacle, took office Friday.
Entertainment
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Entertainment
Phillip Jeffries turns walls into artwork
A family-owned wallpaper company made luxury design their booming business. Meg Oliver takes a look inside Phillip Jeffries, the decor business turning walls into works of art.
Houndmouth is "Never Gonna Die"
Indiana rock band Houndmouth is acclaimed for their rich harmonies and electric live performances. Their latest record, "Lordy," is a stripped-back, raw return, five years after their last album. Here's Houndmouth with "Never Gonna Die."
Houndmouth plays "Tiger Blood"
Indiana rock band Houndmouth is acclaimed for their rich harmonies and electric live performances. Their latest record, "Lordy," is a stripped-back, raw return, five years after their last album. Here's Houndmouth with "Tiger Blood."
Houndmouth has "Heavy Eyes"
Indiana rock band Houndmouth is acclaimed for their rich harmonies and electric live performances. Their latest record, "Lordy," is a stripped-back, raw return, five years after their last album. Here's Houndmouth with "Heavy Eyes."
8/8: CBS Saturday Morning
Todd Blanche is confirmed as attorney general, fires blaze in Europe and the U.S., plus Houndmouth plays Saturday Sessions.
Technology
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Technology
Where to get the latest CBS Mornings Deals
On this edition of CBS Deals, we show you items that will help improve your everyday lifestyle. Visit cbsdeals.com to take advantage of these exclusive deals today. CBS earns commissions on purchases made through cbsdeals.com.
Meta must pay nearly $1B in fines, court says
Meta, the parent company of Facebook, Instagram, WhatsApp and others, must pay nearly $1 billion after a court found the social media giant to have put children and teen users at risk. A New Mexico judge ruled that Meta must pay $567 million into a fund to pay for harm prevention and awareness, in addition to $375 million in civil penalties previously decided by a jury.
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.
Energy company sues data center over who should pay for AI buildout
At issue is who pays to expand energy infrastructure when a data center needs as much electricity as a midsize city.
Meta fined $567M over child safety issues
Meta, the tech giant that operates Facebook, Instagram, WhatsApp and other platforms, faces another financial penalty for allegedly failing to keep kids safe. A New Mexico judge has ordered Meta to pay $567 million for its failure to warn the public about the dangers its products pose to children.
Science
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Science
Genetically altered beagles offer hope for dog lovers with allergies
Matt Walker, a geneticist and the CEO of Kindred Companion Sciences, joins "CBS Mornings" with his gene-altered beagle, Bailey, to discuss creating future options for people with severe pet allergies.
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
Bezos, DiCaprio set up massive wildlife fund
Hollywood actor Leonardo DiCaprio and Amazon founder Jeff Bezos have announced a $200 million fund set to protect species on the brink of extinction. Carter Evans has the story.
Dramatic photos show lava spewing from Fuego volcano in Guatemala
Guatemalan officials on Monday began evacuating two villages near the Fuego volcano due to the ongoing eruption.
Rare footage of humpback whale birth captured on drone video
The footage is believed to be only the fourth complete humpback whale birth ever recorded on film anywhere in the world and the first-ever captured by drone.
Crime
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Crime
Police release video of In-N-Out shooting
Three people were killed during a shooting that began at an In-N-Out restaurant in Twin Falls, Idaho. The gunman died of a self-inflicted gunshot wound, police said. Investigators have now released security footage as they probe the motive for the shooting.
Police warn of "video game style" driving
Driving like a "Grand Theft Auto" player in real life is both illegal and highly dangerous, police warn. Kris Van Cleave went on a ride-along to see what the California Highway Patrol is dealing with.
Police release footage of In-N-Out shooting
Police have released surveillance and body camera footage revealing new details about the shooting at an In-N-Out in Twin Falls, Idaho, that killed three people. Carter Evans has more.
Psychiatrists questioned in Clancy trial
Two psychiatrists who treated Lindsay Clancy, the mother from Massachusetts who's charged with murdering her three kids, took the stand Friday. Boston.com reporter Abby Patkin joins CBS News to unpack the day's proceedings.
Inside Lindsay Clancy's Home
As the Lindsay Clancy murder trial continues, jurors hear testimony from the medical professionals who treated her before and after the deaths of her three children, and excerpts of her journal. They also visit key scenes from the night of the killings. "48 Hours" correspondent Erin Moriarty speaks with WBZ-TV reporter and anchor Kristina Rex about emotional courtroom moments, graphic testimony, and the key question at the heart of this case: what was happening in Lindsay Clancy's mind on January 24, 2023?
Space
More Space
Most detailed images taken of sun's surface revealed
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
SpaceX rocket booster slams into moon, creating crater that could be 16 feet deep
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
Russian Soyuz brings three home after 8 months at space station
The Soyuz MS-28 landing in Kazakhstan brought a 241-day stay in space to a successful conclusion.
SpaceX's Super Heavy-Starship blasts off on 13th test flight
An upgraded version of the world's most powerful rocket is key to landing NASA astronauts on the moon in the agency's Artemis program.
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.
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.
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.
Investigating the death of designer Sylvie Cachay
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
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
More Latest CBS News Videos
Latest CBS News Videos
Disturbing New Allegations Against D4vd
On April 29, prosecutors released a brief outlining their case against singer-songwriter D4vd, who has been charged in the murder of 14-year-old Celeste Rivas Hernandez. On this episode of "Case By Case," we examine the state's timeline of events, including the allegation that D4vd stabbed Celeste and went to great lengths to cover up the crime. Plus, an update on Nick Reiner who appeared in the same court just hours before D4vd. "48 Hours" correspondent Erin Moriarty and Los Angeles Times crime writer Richard Winton dig into the new details on both stories.
D4vd Charged with Murder
Following the discovery of Celeste Rivas Hernandez's remains in a vehicle registered to D4vd last fall, what were the key developments that led to charges this week? On this episode of "Case by Case," we examine all of the new details coming out of the case against singer-songwriter David Anthony Burke, who professionally goes by D4vd. "48 Hours" correspondent Natalie Morales and CBS News chief correspondent Matt Gutman break down what we know so far about Celeste's death and the alleged abusive relationship she had with the singer.
Inside D4vd's Preliminary Hearing in Murder Case
A preliminary hearing offers the clearest look yet at the case against singer-songwriter D4vd, who is charged with the murder of 14-year-old Celeste Rivas Hernandez. "48 Hours" correspondent Anne-Marie Green is joined by Los Angeles Times investigative crime writer Richard Winton to unpack the latest courtroom developments, the prosecution's strategy, the defense's response, and the evidence that could determine whether the case advances to trial.
Inside the destructive wildfires tearing through Washington
The wildfires in Washington state have charred entire neighborhoods around Spokane. Videos showed flames and smoke filling the sky as firefighters work to contain the blazes amid concerns about worsening weather.
Phillip Jeffries turns walls into artwork
A family-owned wallpaper company made luxury design their booming business. Meg Oliver takes a look inside Phillip Jeffries, the decor business turning walls into works of art.