Rents are rising far faster than wages, especially in these U.S. cities
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
Data from the Federal Reserve shows price indexes for homes and rents are up nearly 50% compared to before the pandemic. Jeanna Smialek, Federal Reserve and U.S. economy reporter for The New York Times, joins CBS News to examine how much a president can do to curb prices.
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.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
Rent across the U.S. is dipping as vacancies rise and property managers struggle to fill homes, new data shows.
A landlord in New Orleans gave all her tenants a free month of rent this December to help make the holidays a little easier. Omar Villafranca has the story.
With homeownership costs increasingly unaffordable, millions of people are instead renting their piece of the American Dream.
Americans flocked to suburban areas during the pandemic — one of several reasons why rent increases there have outpaced urban areas.
Potential homebuyers need to consider the total cost of a home, including mortgage rates, property insurance, property taxes and maintenance.
Securing an apartment in the hottest U.S. cities can mean beating out nearly two dozen other renters, new analysis finds.
The nation's housing prices are seeing their first year-over-year decline since 2012. That decline, however, was not felt across the board. While prices fell in cities like Seattle, San Francisco and Las Vegas, home buyers in places like Miami, Chicago and Atlanta were asked to pay more. Wall Street Journal housing reporter Nicole Friedman joins CBS News to break down what's going on in the housing market.
After topping out last year at nearly $1,800 per month, rent is finally starting to ease, new data shows.
Although renters face sharply higher costs than before the pandemic, prices are steadily decreasing.
Caleb Simpson takes his seven million followers on impromptu tours of people's homes across the country.
Renters in more affordable cities can get 1,000 square feet more for their money than people in pricey metros.
Buying a home has traditionally been seen as the smarter financial move. But is that still the case?
A "dizzying array" of tacked-on charges, from application fees to pet fees, are rising at a faster clip than rent itself.
"Pets are widely considered part of the American family," said Amanda Pendleton, Zillow's home trends expert.
The cost of signing a lease has come down across major U.S. cities as competition for renters' money increases.
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
If you're planning a trip to Miami, look no further for a place to stay than DJ Khaled's "sneaker kingdom" – AKA his shoe closet.
"I'd never have expected that there'd be a bidding war for a 12-month lease."
Housing prices nationwide are up about 20%, but they've soared far more in the Tampa Bay area. Tampa Bay's home prices spiked nearly 36% and rents are up about 22% from last year. Mark Strassmann reports.
On average, Tampa's rents ballooned 22% in the last year.
A food pantry, located in an area of Nashville where developers keep scooping up properties, was forced to close.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Israel's battle against Hamas has forced nearly 360,000 people to flee from a city they were told only months ago to seek refuge in.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
Lorenzo Prendini allegedly tried to take about 1,500 samples out of the country, news outlets reported.
Florida Gov. Ron DeSantis has attacked the "global elite's plan to force the world to eat meat grown in a petri dish."
"CBS Mornings" co-host Gayle King is a grandmother again!
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
All three victims were tortured and killed before their bodies were put into a 2010 Dodge Charger, authorities said.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
Florida Gov. Ron DeSantis has attacked the "global elite's plan to force the world to eat meat grown in a petri dish."
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Florida Gov. Ron DeSantis has attacked the "global elite's plan to force the world to eat meat grown in a petri dish."
Amazon's self-driving robotaxi unit Zoox is being investigated by the U.S. government's highway safety agency after two of its vehicles braked suddenly and were rear-ended by motorcyclists.
The vast coin collection of a Danish butter magnate is finally set to go on sale a century after his death and could fetch up to $72 million, its auction house says.
Workers at the first Apple Store to unionize, outside Baltimore, have now also authorized a first strike against the tech giant's retail operations.
A'ja Wilson, of the Las Vegas Aces, has joined a roster of women athletes who have partnered with Nike to develop signature collections.
On the stand, Michael Cohen told jurors about the decade he spent working for Trump as his self-described "fixer" and attorney.
Six tribes have banned South Dakota Gov. Kristi Noem over comments she made about tribal leaders benefitting from drug cartels.
The senator and his wife are accused of using his position to benefit three businessmen and two foreign governments in exchange for cash, gold and a luxury car.
Zahra Skaik, a 44-year-old Palestinian woman living in Gaza City, escaped the war thanks to her American sons.
On this "Face the Nation" broadcast, Secretary of State Antony Blinken and Sen. Tom Cotton join Margaret Brennan.
Interest in raw milk is rising in the U.S., fueled by both "wellness" and conservative influencers on social media — even though it can make people very sick.
Johns Dental Laboratories stopped making the Anterior Growth Guidance Appliance last year after a KFF Health News-CBS News investigation into allegations of patient harm.
Eighty-four million Americans had a mental disorder in 2022, while 34 million people had a substance use disorder. About 11 million people dealt with both, but many did not receive professional treatment, partially because of a persistent stigma leading to silence and shame around mental health problems. Michelle Miller reports on how former congressman Patrick J. Kennedy and author Stephen Fried are hoping to make change with their new book.
A Bay Area-based study finds that 80% of Asian American women with lung cancer never smoked and researchers are trying to figure out why.
Some states are cracking down on claims by anti-abortion rights organizations that offer "abortion pill reversal" treatment.
Israel's battle against Hamas has forced nearly 360,000 people to flee from a city they were told only months ago to seek refuge in.
The Duke and Duchess of Sussex were warmly welcomed in Nigeria, where they wielded celebrity status even as former "working royals."
A team was deployed to search for the critically endangered cat after a man was found dead with wounds indicating a tiger attack.
Thousands of people in Georgia are worried about what they see as their government's effort to let the Caucasus nation "slowly become Russia."
The town's mayor warned residents who haven't evacuated may "find that the resources that they need are gone" if they fail to leave before the Parker Lake Wildfire arrives.
In the 20 years after her elimination from "American Idol," Jennifer Hudson has gone on to EGOT winner and host of a successful talk show, which was renewed for a third season.
The Duke and Duchess of Sussex were warmly welcomed in Nigeria, where they wielded celebrity status even as former "working royals."
Writer, director, and actor John Krasinski declared his latest film, "IF," is his most personal project to date.
Harlan Coben is the author of over 30 suspense novels. He has over 80 million books in print worldwide. He is out with his next book called "Think Twice." Coben joins "CBS Mornings" to talk about what inspired writing "Think Twice" and why he decided to bring back his very popular character, Myron Bolitar.
EGOT winner Jennifer Hudson joins "CBS Mornings" to discuss the renewal of "The Jennifer Hudson Show" for a third season and its four Daytime Emmy nominations.
Researchers are investigating new ways to detect mental health problems through AI-powered apps by collecting data on people's behavior that could help determine shifts in mood in new ways. Dr. Nicholas Jacobson, an assistant professor in the departments of biomedical data science and psychiatry at Dartmouth, joined CBS News to discuss the possibilities.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. For designers, it's a constant and complex balance to get it just right.
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.
Everywhere you look, products are getting too complicated, with more and more features aimed at attracting consumers. But designing things to do more can often lead to frustrated and unhappy customers. For designers, it's a constant and complex balance to get it just right. Correspondent David Pogue looks at how complicated lives – full of endless features – may be getting easier to navigate thanks to technology.
Apple's "Crush!" advertisement for the new iPad Pro features a myriad of artistic tools getting smashed in a large hydraulic press.
Parts of the country saw the aurora borealis on Friday night, and the dazzling show was expected to continue on Saturday night, according to experts.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The parents of a U.K. toddler say it's "absolutely mind-blowing" to see their daughter, enrolled in a gene therapy trial, hear for the first time.
Climeworks, a Swiss pioneer in the fast-growing field of CO2 capture and storage, launches operations at a new site on a dormant volcano.
All three victims were tortured and killed before their bodies were put into a 2010 Dodge Charger, authorities said.
Lorenzo Prendini allegedly tried to take about 1,500 samples out of the country, news outlets reported.
The town's mayor, Rafael Vargas, called the attack "a terrible violent act."
Steve Buscemi was allegedly punched in the face in Manhattan's Kips Bay neighborhood last week.
The 66-year-old suffered an eye injury but is expected to be OK. CBS New York's Ali Bauman reports.
The forecasted conditions come after a weekend of jaw-dropping northern lights seen as far south as Florida and as "magnetically complex" sunspots bigger than Earth continue to emit solar flares.
Geomagnetic storms can affect infrastructure, but may also bring an expanded viewing of the aurora borealis.
Americans were being treated to a show of the northern lights this weekend from a powerful geomagnetic storm heading toward Earth.
The sunspot responsible for the odd series of strong solar flares is so big you can see it with your own eyes from Earth.
In the image, "a ghostly hand appears to be emerging from the interstellar medium and reaching out into the cosmos," the NOIRLab said.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A look back at the hallowed career of the indie "B-movie" filmmaker, known for exploitation films, monster flicks, and some bizarre movie posters.
Despite losing three quarters of the blood in her body, Donna Ongsiako was able to help police find the person who almost took her life.
The Francis Scott Key Bridge in Baltimore collapsed early Tuesday, March 26 after a column was struck by a container ship that reportedly lost power, sending vehicles and people into the Patapsco River.
When Tiffiney Crawford was found dead inside her van, authorities believed she might have taken her own life. But could she shoot herself twice in the head with her non-dominant hand?
CBS News 24/7 anchor Anne-Marie Green recently spoke with Parents magazine about what a typical week in her life looks like as a journalist and the mom of a tween. Take a look at some of the highlights.
Researchers are investigating new ways to detect mental health problems through AI-powered apps by collecting data on people's behavior that could help determine shifts in mood in new ways. Dr. Nicholas Jacobson, an assistant professor in the departments of biomedical data science and psychiatry at Dartmouth, joined CBS News to discuss the possibilities.
Former President Donald Trump blamed President Biden for his legal issues while speaking at a campaign rally in New Jersey on Saturday. Meanwhile, during a private fundraiser outside Seattle, President Biden reportedly called Trump unhinged. CBS News campaign reporter Olivia Rinaldi has more.
Jury selection is underway in the federal corruption trial for Sen. Bob Menendez of New Jersey. The Democrat and his wife are accused of accepting gold bars and other gifts as bribes in exchange for favors for foreign governments. Menendez has denied any wrongdoing. CBS News New York reporter Christina Fan and CBS News congressional correspondent Scott MacFarlane have more.
Over the weekend, the U.S. leveled some of its strongest criticism yet of Israel's actions in Gaza, with U.S. Secretary of State Antony Blinken telling "Face the Nation," "In certain instances, Israel acted in ways that are not consistent with international humanitarian law." CBS News senior White House correspondent Weijia Jiang has more on the diplomatic relationship between the two countries.