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.
Real Estate
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.
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.
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Investigation
Congress tried to stop surprise medical bills. It created another problem.
Trump pitches Trump International Golf Course for site of "presidential retreat"
Alleged Chinese agent to remain in custody, judge rules, amid flight-risk fears
