Here are the most and least affordable major cities in the world
Four major cities in California were included in a Chapman University study of housing affordability around the world.
Home Prices
Many burdened by spiking home insurance rates
As U.S. home prices remain stubbornly high and many parts of the nation are seeing more extreme weather, homeowner insurance premiums have spiked in response. Jo Ling Kent has more.
Buying a home? Expect to pay $18,000 a year in additional costs
The average yearly cost of homeowners insurance, property taxes and utilities is up nearly $4,000 since 2020.
Home prices reach $387,600 record high, putting a damper on spring
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
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.
Will mortgage rates fall in 2024? Here's what Freddie Mac predicts.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.
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.
Where U.S. homeowners pay the most — and least — in property taxes
Raging inflation has also driven up property taxes, with homeowners in some states getting socked with double-digit increases.
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.
What to know ahead of the Fed's announcement
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
Why inflation ticked up in February
Consumer prices rose 0.4% from January to February, indicating inflation continues to be a hurdle in the U.S. economy. Gas and home prices contributed to the increase. CBS News' Jo Ling Kent breaks down the figures.
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.
Here's what's making it so hard to buy a home in the U.S. these days
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
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.
Home prices, mortgage rates remain high
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
Presidential candidates address housing costs
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.
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.
In larger cities, affording a home is tough even for richer Americans
As housing prices continue to rise, new data highlights how hard it can be to afford a home in some parts of the U.S.
Housing market outlook for 2024
Will mortgage rates drop and home prices finally fall in 2024? Chen Zhao, who leads the economics team at Redfin, shares some early predictions for the housing market in 2024.
Los Angeles mayor works to tackle city's homelessness crisis
Los Angeles is home to about 46,000 people who are considered homeless, but Mayor Karen Bass is working to change that.
2023 was brutal for homebuyers. Here's what to expect in 2024.
Mortgage rates recently hit their highest levels in more than two decades, pricing many out of the market. Here's what to expect in 2024.
How much are houses in big cities?
There is a disconnect in most U.S. markets of how much money people are earning, and how much it would cost to buy a home. CBS MoneyWatch associate managing editor Aimee Picchi joins CBS News with data on how much houses cost in major cities around the country.
Here's how much you need to earn to afford a home in 97 U.S. cities
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
Thinking of an adjustable-rate mortgage? Here are 3 questions to ask.
Deciding on an adjustable-rate mortgage boils down to how long you plan to own a property and if your income is stable.
California home — complete with meth lab — selling for $1.55 million
"Home has not been cleared of contamination and will be transferred to the new buyer in its current state," the listing says.
Zelenskyy says Trump-Putin summit will achieve nothing without Ukraine
President Trump and Russian President Vladimir Putin are planning to meet in Alaska on Friday, August 15.
Georgia authorities identify suspect in shooting near Emory University
The Georgia Bureau of Investigation on Saturday identified the gunman as 30-year-old Patrick Joseph White, of Kennesaw, Georgia.
U.S. envoy Steve Witkoff to meet with Qatari prime minister in Spain over Gaza
The meeting comes as there is growing international condemnation of Israel's decision for a military takeover of Gaza City, while little appears to have changed immediately on the ground.
3 hurt in Times Square shooting, suspect in custody, NYPD says
Three people were hurt in a shooting in Times Square overnight Friday, New York City police say.
Trump nominates Tammy Bruce as deputy representative to the U.N.
President Trump has nominated Mike Waltz, his former national security adviser, to be U.S. ambassador to the United Nations.
Jen Pawol makes MLB history as first female umpire, donates cap to Hall of Fame
Jen Pawol has made history as the first female umpire to work a regular-season game in the major leagues.
Meteorite that ripped through Georgia home's roof is older than Earth
A mysterious fireball blazed across the sky in broad daylight on June 26, sparking hundreds of siting reports in Georgia and South Carolina.
Space station astronauts return to Earth after 5-month mission
The splashdown off San Diego closed out a 148-day mission for two NASA astronauts, a Japanese flier and a Russian cosmonaut.
Hundreds of London protesters arrested for supporting banned pro-Palestinian group
British Parliament in early July passed a law banning Palestine Action and making it a crime to publicly support the organization.