An alarming number of 2022 homebuyers are already underwater
Hundreds of thousands of homeowners who bought properties this year owe more than their homes are worth.
Home Prices
Home sales could plunge in 2023. These cities may see the worst.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Home sales are slumping badly as affordability remains a hurdle
Housing prices have fallen 32% this year, although they remain higher than before the pandemic.
High mortgage rates dampen home sales
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Mortgage rates top 7%, hitting highest level since 2001
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
MoneyWatch: Home prices could drop in 2023
Economists predict U.S. home prices could fall by as much as 20% in 2023 as mortgage rates rise. CBS News MoneyWatch reporter Khristopher Brooks breaks down what's driving the expected shift.
Home buyers struggle with soaring interest rates
High home prices along with increasing mortgage rates and low inventory have put many homes out of reach for prospective buyers. Elaine Quijano takes a look.
Mortgage rates at highest level since 2007 after latest Fed hike
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
More women join construction industry
As a worker shortage keeps home prices in the country high, more and more women are joining the industry to build a new era of construction. Nancy Chen reports.
Inflation rate down from 40-year high
The Consumer Price Index rose to 8.5% in the month of July, bringing inflation down from its 40-year high. Gas prices are falling, but the cost of food and rent are still increasing. Lori Bettinger, president of BancAlliance and the former director of the U.S. Treasury's Troubled Asset Relief Program, joined CBS News to discuss what this data means for the economy.
Home prices in the U.S. climb to record $416,000
But sales of previously occupied homes have slowed sharply amid higher mortgage rates and rising prices.
Las Vegas home prices drop for first time in 2 years
Home prices in Las Vegas have dropped for the first time in over two years. According to the Las Vegas Review Journal, increasing mortgage rates and decreasing home sales are causing the trend. Eli Segall, a real estate reporter for the Las Vegas Review Journal, joins CBS News' Jamie Yuccas to discuss.
Rising mortgage rates impacting housing market
Lana Zak explains how the dual blow of record-high interest rates and home prices has impacted the housing market.
Mortgage rates in the U.S. jump by most in 35 years
Borrowing costs for a typical home loan surged a day after the Federal Reserve hiked its benchmark rate.
Mortgage rates jump again, sending buyers to the sideline
Interest on a standard 30-year home loan is 5.23%, up from less than 3% a year ago, according to Freddie Mac.
Live
Thune says he's "optimistic" about ending government shutdown this week
Senate Majority Leader John Thune said he's "optimistic" about ending the government shutdown this week. Follow live updates here.
Trump says government shutdown ends when Democrats give in
President Trump offered no plan for health care costs, which have been a sticking point in ending a government shutdown, and says it will end when Democrats give in.
Trump administration will use contingency fund to pay partial SNAP benefits
The U.S. Department of Agriculture told a federal court that it will tap into a contingency fund to allow states to issue partial SNAP benefits.
Diane Ladd, Oscar-nominated actress and mother of Laura Dern, dies at 89
Diane Ladd, the actor known for her Oscar-nominated roles in "Alice Doesn't Live Here Anymore," "Wild at Heart," and "Rambling Rose" has died.
Pakistan "will not be the first to resume nuclear tests," official says
President Trump said in an interview with 60 Minutes that "Pakistan's been testing" nuclear weapons.
Trump on cryptocurrency tycoon he pardoned: "I don't know who he is"
President Trump told 60 Minutes he doesn't know the Binance crypto exchange founder he pardoned. Binance has done business with the Trump family's crypto firm World Liberty Financial.
SNAP recipients say they're ready to scrimp amid food-stamp fight
The USDA said it would provide partial food stamp benefits for November, but it's unclear exactly when participants will get those funds.
Is COVID-19 during pregnancy linked to autism? New study offers clues
A large study from Massachusetts found that babies whose mothers had COVID-19 while pregnant were slightly more likely to have a range of neurodevelopmental diagnoses by age 3.
King Charles wants brother Andrew stripped of his final military title
The former Prince Andrew is set to lose his final military title, as King Charles continues shunning his younger brother over historic ties to Jeffrey Epstein.