Welcome to the "beyond crazy and frustrating" real estate market
Paying above asking price isn't enough to win a bid — some buyers are skipping inspections and giving free rent to sellers.
Watch CBS News
Aimee Picchi is associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has been published by national news outlets including USA Today and Consumer Reports. Aimee frequently writes about retirement, and has been a National Press Foundation fellow for reporting on retirement and Columbia University's Age Boom Academy. She's also the editor of the Institutional Investor book "Cultivating the Affluent II," with noted wealth consultant Russ Alan Prince.
Paying above asking price isn't enough to win a bid — some buyers are skipping inspections and giving free rent to sellers.
Postmaster Louis DeJoy blames issues that "plague" the USPS, causing late deliveries for 20% of all first-class mail.
People are booking vacations across the U.S. as COVID-19 rates fall, but not to Europe and other countries.
Drugmaker said Phase 2 trial of its coronavirus vaccine showed promising results in teens 12- to 17-years-old.
People usually get their refunds within three weeks, but this year is proving complicated for nearly 30 million filers.
Home prices are jumping, with prices up more than 12% compared with a year ago — here's the best time to sell.
Eateries are starting to reopen, but workers are in short supply. Employers are dangling bonuses and other incentives.
"A good job with simply a high school diploma is almost impossible," says a former Education Department secretary.
A growing number of Americans are having to take out personal loans to pay for their medical costs.
American Rescue Plan's tax credits and stimulus payments are reducing income tax rates for many households.
A group of Democrats are pushing for an overhaul of the system, arguing that it leaves millions of workers behind.
Olympic gold medal-winning gymnast cites new apparel partner's commitment to diversity and inclusion.
Jonathan Frostick wrote he's "really not going to be putting up with any s#%t at work ever again."
Higher commodity costs are trickling down to store shelves, raising fears that household budgets may soon feel pain.
Americans are buying homes in cities like Austin, Texas and Boise, Idaho as they seek more space amid still-low interest rates.