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.
Real Estate
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.
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.
Live
Trump hopes for Iran deal in 2 or 3 days, but war in Lebanon continues
Trump voices optimism for a "very good deal" with Iran in just a few days, as a tense truce between Israel and Iran appears to hold.
Platner seeks Maine Senate nomination and more primaries to watch today
Maine Democrat Graham Platner is seeking to make the nomination official to take on Republican Sen. Susan Collins in November.
First-ever U.S. sea drone rescue for Apache crew near Strait of Hormuz
The cause of an Apache helicopter crash near the Strait of Hormuz that led to the U.S. military's first-ever sea drone rescue is under investigation.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
U.S. bars entry of FIFA World Cup referee from Somalia
Federal immigration authorities barred a Somali soccer referee who was slated to officiate the FIFA World Cup from entering the U.S. over the weekend, citing "vetting concerns."
Raman defeats Pratt to face Bass in L.A. mayoral election, CBS News projects
CBS News projects that incumbent Los Angeles Mayor Karen Bass will face off against Nithya Raman in November's runoff election.
Judge voids Trump's $100,000 fee for new H-1B visas
U.S. District Judge Leo Sorokin ruled in favor of a group of 20 states that challenged President Trump's new $100,000 visa fee.
Stellantis recalls more than 1 million Jeeps in U.S. it says could catch fire
Stellantis is recalling almost 1.08 million Jeep Wranglers and Gladiators in the U.S. that could catch fire even when they're parked and turned off, federal regulators say.
President Trump booed by MSG crowd prior to Game 3 of NBA Finals
Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on video screens during the national anthem prior to Game 3 of the NBA Finals on Monday.
U.S.
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U.S. bars entry of FIFA World Cup referee from Somalia
Federal immigration authorities barred a Somali soccer referee who was slated to officiate the FIFA World Cup from entering the U.S. over the weekend, citing "vetting concerns."
Former NY Knick, NJ Sen. Bill Bradley says Trump "second fiddle" at Game 3
"The people are there to see these two teams play," Bill Bradley said of President Trump's plan to attend Game 3 of the NBA Finals on Monday night.
OpenAI says it filed confidential IPO as it positions itself for AI arms race
Going public will allow OpenAI, valued at $852 billion, to inject more cash into its business as the AI race quickens.
How to buy SpaceX shares as its blockbuster IPO readies for liftoff
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
Can an AI agent cover for you while you're at the beach?
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
MoneyWatch
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Pentagon adds Alibaba, others to list of sanctioned Chinese companies
The Pentagon has added several prominent Chinese businesses, including tech giant Alibaba, to its list of Chinese military companies, keeping them from getting U.S. defense contracts.
Stellantis recalls more than 1 million Jeeps in U.S. it says could catch fire
Stellantis is recalling almost 1.08 million Jeep Wranglers and Gladiators in the U.S. that could catch fire even when they're parked and turned off, federal regulators say.
OpenAI says it filed confidential IPO as it positions itself for AI arms race
Going public will allow OpenAI, valued at $852 billion, to inject more cash into its business as the AI race quickens.
How to buy SpaceX shares as its blockbuster IPO readies for liftoff
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
Can an AI agent cover for you while you're at the beach?
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
Politics
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Pentagon adds Alibaba, others to list of sanctioned Chinese companies
The Pentagon has added several prominent Chinese businesses, including tech giant Alibaba, to its list of Chinese military companies, keeping them from getting U.S. defense contracts.
Platner seeks Maine Senate nomination and more primaries to watch today
Maine Democrat Graham Platner is seeking to make the nomination official to take on Republican Sen. Susan Collins in November.
U.N. court chief prosecutor suspended over sexual misconduct allegations
Embattled International Criminal Court chief prosecutor Karim Khan was suspended after the court's oversight body referred him for disciplinary proceedings.
President Trump booed by MSG crowd prior to Game 3 of NBA Finals
Donald Trump was booed loudly by fans inside Madison Square Garden when he was shown on video screens during the national anthem prior to Game 3 of the NBA Finals on Monday.
Raman defeats Pratt to face Bass in LA mayoral election, CBS News projects
CBS News projects that incumbent Los Angeles Mayor Karen Bass will face off against Nithya Raman in November's runoff election.
HealthWatch
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HealthWatch
Safety concerns over weight loss drug
There's a new safety concern about doctors prescribing one experimental weight loss treatment, retatrutide, that hasn't even been FDA approved yet. Adam Yamaguchi reports.
How an experimental weight-loss drug is being openly promoted by physicians
Doctors are jumping the gun to prescribe a medication lacking FDA approval that has gone viral on social media. "Why are we waiting?" one physician asked.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a diabetes treatment, GLP-1 drugs have been found to help patients reduce weight, changing the lives of more than 30 million people in the U.S. But there also have been troubling side effects reported.
The promises and pitfalls of GLP-1 drugs
Approved 20 years ago as a treatment for diabetes, GLP-1 drugs have been found also to help patients significantly reduce weight. More than 30 million people in the U.S. have had their lives changed by GLP-1 medications. But there have also been troubling side effects reported. Correspondent Tracy Smith talks with experts who say the drugs might prove useful in treating other diseases associated with obesity (including cancer); and with patients who have taken GLP-1 drugs and experienced widely varying reactions.
A breakthrough for Type 1 diabetes treatment
A medical breakthrough is showing promise for millions of Americans with Type 1 diabetes. It's an alternative to taking insulin without the injections. Mark Strassmann has more details.
World
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First-ever U.S. sea drone rescue for Apache crew near Strait of Hormuz
The cause of an Apache helicopter crash near the Strait of Hormuz that led to the U.S. military's first-ever sea drone rescue is under investigation.
Bear that caused panic and school closures captured in Japan
The bear sightings had forced the closure of all 94 public primary and middle schools in a city just north of Tokyo.
Drug suspects arrested after vehicle in high-speed chase hits pedestrians
One suspect drove a vehicle "at very high speed and recklessly, even hitting several local residents" before being stopped by authorities, officials said.
Teen charged over London arson attack on Jewish charity ambulances
18-year-old Subhan Ahmed allegedly assisted with the torching of four ambulances used by a Jewish volunteer organization
Live
Trump hopes for Iran deal in 2 or 3 days, but war in Lebanon continues
As Trump voices optimism for a deal with Iran within a few days, a tense truce between Israel and Iran is tested by ongoing violence in Lebanon.
Entertainment
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Entertainment
Expert on UAPs, Spielberg's "Disclosure Day"
Garry Nolan, a professor of pathology at Stanford University School of Medicine and the executive director of the board for The Sol Foundation, joins CBS News 24/7 to discuss Steven Spielberg's new movie, "Disclosure Day," and its exploration of the existence of aliens on Earth.
Biggest winners from the 79th Tony Awards
CBS News New York's Dave Carlin breaks down the biggest wins and performances from the 79th Tony Awards.
Steven Spielberg talks "Disclosure Day"
Oscar-winning director Steven Spielberg talks to CBS News about his 34th feature film, "Disclosure Day," which explores what would happen if all of the evidence about UFOs and alien life was released to the entire world and proved we are not alone. He also discusses his opinion on aliens, saying they "have been here and they are here."
Highlights from the Tony Awards
At Broadway's biggest night, "Schmigadoon!" took home the award for best musical. Meanwhile, "Arthur Miller's 'Death of a Salesman'" won six Tony Awards, the most of the night. Jamie Wax has more on the winners and top moments.
Tony Awards honor "Schmigadoon!" and more. See the full winners list.
"Schmigadoon!" — which was tied for the most nominations, with 12 — won Best Musical, and "Liberation" took home the honor of Best Play at the 2026 Tony Awards.
Technology
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Technology
New Apple features to keep kids safe
Apple is rolling out an update with new parental controls to help navigate screen time and keep kids safe. Jo Ling Kent explains the changes.
How to buy SpaceX shares as its blockbuster IPO readies for liftoff
SpaceX is setting aside a large chunk of shares for ordinary investors as it seeks to raise a record $75 billion. Here's what to know.
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.
Can an AI agent cover for you while you're at the beach?
"AI can make everything that was on my plate visible to colleagues while I'm gone," one expert said.
Tackling job search struggles
LinkedIn's latest workforce report found hiring rates are nearly 5% lower than a year ago. Catherine Fisher, a LinkedIn career expert, explains how job applicants can break through the market, using AI when applying and more.
Science
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Great white shark captured on video in Mediterranean in rare sighting
Great white sharks are classified as "critically endangered" in the Mediterranean Sea, and underwater sightings are incredibly rare.
El Niño could bring more widespread coral bleaching, NOAA warns
The expected arrival of El Niño this summer could trigger another mass coral bleaching event, which would be the fifth on record, researchers said.
Scientists find yeast in frozen mummy's guts, use it to make bread
More than 5,300 years ago, Oetzi the Iceman was strolling through the Alps on the border of Austria and Italy when he was killed by an arrow in the back.
Meteor lights up southern Michigan
Days after a meteor exploded over New England, another fireball was spotted, visible in the Midwest to the Northeast. Rob Marciano has more.
Ancient coin, mysterious markings found under Notre Dame cathedral
A team of archaeologists at the iconic cathedral is digging straight down and back in time, to Roman Paris 2,000 years ago.
Crime
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Drug suspects arrested after vehicle in high-speed chase hits pedestrians
One suspect drove a vehicle "at very high speed and recklessly, even hitting several local residents" before being stopped by authorities, officials said.
Court appearance for fake boarding pass suspect
A man appeared in a Houston courtroom Monday after he was removed from a United Airlines flight last month for allegedly getting on the plane with a fake boarding pass. Jason Allen reports.
Chaos after mass shooting at Ohio festival
At least 12 people were injured during a mass shooting at the Old West End Festival in Toledo, Ohio, officials say. CBS News' Jonah Kaplan reports.
12 hurt in "gunfight" at Ohio festival, police say
Twelve people were injured, two of them critically, in what police are calling a "gunfight" that broke out at the Old West End Festival in Toledo, Ohio, on Saturday. Jonah Kaplan reports.
5 people stabbed at Penn Station, Amtrak police say
Six people, including the suspect, were taken to the hospital after a stabbing incident at New York City's Penn Station on Sunday evening.
Space
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Space station crew briefly moves to "safe haven" amid concerns over leaks
Out of an abundance of caution, NASA briefly directed five of the seven crew members aboard the International Space Station to wait inside the docked SpaceX Crew Dragon "Freedom" spacecraft.
Sun erupts with 3 solar flares, raising chances of northern lights for U.S.
Three solar flares burst from the sun this week, raising the chances of seeing the northern lights for people across the United States.
NASA reluctantly gives up on lost orbiter: "Best Mars mission ever"
NASA officials said the $582 million MAVEN orbiter could not be recovered after a problem on the far side of Mars late last year, and that its extraordinarily successful mission was at an end.
Blue Origin vows to resume New Glenn launches despite explosion
Damage to Blue Origin's lone launch pad in the wake of last week's spectacular explosion was not as severe as initially feared, the company said.
NASA taps 2 companies to develop buggies for its moon base program
The FLEX Rover will be equipped to carry two astronauts and traverse hundreds of miles of lunar terrain.
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.
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.
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
New Apple features to keep kids safe
Apple is rolling out an update with new parental controls to help navigate screen time and keep kids safe. Jo Ling Kent explains the changes.
Sea drone rescued 2 helicopter crew members
The U.S. military confirmed two crew members from a fallen Apache helicopter near the Strait of Hormuz were rescued for the first time ever by a sea drone. CBS News' Ramy Inocencio reports.
Trump on 2 Apache crew members rescued
President Trump weighed in on the war in Iran and confirmed 2 Apache helicopter crew members were rescued after a crash near the Strait of Hormuz. CBS News' Olivia Rinaldi reports after Mr. Trump attended Game 3 of the NBA Finals in New York City.
Weight loss drug use during pregnancy
CBS News medical correspondent Dr. Celine Gounder breaks down findings from a new study that takes a close look at popular GLP-1 weight loss drugs and their use during early pregnancy.
Races to watch in primaries in 4 states
Voters in four states head to the polls for primaries on Tuesday, including in Maine where voters will select a Democrat to face Sen. Susan Collins in November. Democrat Graham Platner, the leading candidate, remains defiant despite recent scandals. Caitlin Huey-Burns reports.