
What the latest downturn in the housing market means for buyers
In June, the median U.S. sale price for a home hit a record high of $396,000, according to Redfin.
Watch CBS News
In June, the median U.S. sale price for a home hit a record high of $396,000, according to Redfin.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
For years, the U.S. housing market has boomed, pricing many out of their financial comfort zone and the market. Now, home prices are showing signs of cooling off. CBS News New York's Ali Bauman has details for buyers and sellers.
Personal finance site SmartAsset ranked these cities as the best markets for first-time buyers in terms of affordability and other factors.
Rising home prices and persistent inflation are impacting how millennials and Gen Zers feel financially. CBS News contributor Javier David explains.
Expired sales labels led to overcharges on more than 150 grocery items, according to an investigation led by Consumer Reports and others.
When President Trump was on the campaign trail, he promised to lower the prices of all goods on "day one" of his second term. Since he took office in January, he has repeatedly claimed that the price of energy, groceries, eggs and homes have dramatically dropped. CBS News Confirmed executive editor Rhona Tarrant fact-checks these claims.
The average rate for a standard 30-year fixed mortgage climbed to 6.83% this week. That's up a quarter of a percentage point from the week before and the highest rate in two months. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
In these major U.S. cities, a family of three earning $100,000 would have a hard time covering basic expenses.
With back and forth from the Trump administration on tariff plans, some home builders and buyers are raising concerns about the long-term impact on the housing industry. President and CEO of the National Association of Home Builders Jim Tobin joins "The Daily Report" with his perspective. After that, CBS News journalists ask Americans their top questions about tariffs. CBS News' Jill Schlesinger and Kelly O'Grady have answers.
With spring selling season just around the corner, buyers may start to see a slight thaw of the real estate market. CBS News business analyst Jill Schlesinger explains.
A Florida company says its new technology is helping to build homes faster and at a lower cost amid the impacts of climate change.
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Homeowners in the U.S. are getting older as the dream of buying a house slips further out of reach for many Americans.
Robert and Cortney Novogratz, famous for their out-of-the-box designs that blend creativity with family living, discuss their new book, The Novogratz Chronicles. The couple shares advice on how to refresh your home decor without fear.
Arizona is one of the seven battleground states that will help determine the result of the 2024 presidential election. The state's Senate race could also determine the balance of power in Congress and a ballot measure will decide the state's abortion laws. Arizona Republic national political reporter Ron Hansen joins "The Daily Report" to discuss Arizonans' top issues.
Some cities and states are throwing out single-family zoning to increase density and create more affordable housing.
Due to a nationwide shortage, many prospective homeowners have been unable to get into the home of their dreams. A growing nationwide coalition of pro-housing advocates part of the "YIMBY" movement believe more building density can solve the problem. Ash-har Quraishi explains.
Only one-third of American families can afford a starter home in just 10 of the 100 largest cities in the U.S., CBS News found.
Millions of Americans are struggling to keep up with the rising rent, while buyers say the housing market is "nuts." What in the world is going on?
New rules go into effect this weekend that will change the way homes are bought and sold across country. CBS News senior business and technology correspondent Jo Ling Kent tells us what this means for potential home buyers.
Americans will soon be able to negotiate how much they want to pay realtors in commission as part of a National Association of Realtors settlement with a nationwide group of homeowners. Medora Lee, a money and personal finance reporter with USA Today, joins CBS News with more details.
A larger stock of smaller homes could mean more budget-friendly options for buyers.
Across much of the U.S., owning a home now requires spending more for housing than experts generally recommend.
Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
The announcement came after Trump said Wednesday there's a "good chance" he'll meet with Putin and Ukrainian President Zelenskyy soon.
In attorney Marc Agnifilo's first network TV interview since Sean "Diddy" Combs' verdict, he recounted the most publicized case of his career and said he's focused on getting Combs a fair sentence.
California may follow Texas' lead and redraw congressional districts for partisan advantage ahead of the 2026 midterm elections.
The levies hit just as the economic impact of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
Here's why one Chevrolet model is the most-stolen type of car, according to a new report.
Federal Reserve Governor Lisa Cook said the significant downward revisions to the monthly jobs numbers could point to an economic shift.
An Army sergeant opened fire at Fort Stewart in Georgia, shooting five soldiers and prompting a brief lockdown at one the country's largest Army bases, officials said.
Denna Campbell was shot five times in her apartment in 1995. Her department-issued handgun was missing and hasn't been found.
OpenAI, the maker of ChatGPT, said its work is ongoing in refining how the chatbot can "identify and respond appropriately in sensitive situations."