High mortgage rates dampen home sales
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Home Prices
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.
What the National Guard and federal law enforcement can and can't do in D.C.
President Trump is calling up the D.C. National Guard and federal law enforcement to address crime in the capital.
White House reviewing Smithsonian museums for "alignment" with Trump
The White House says it will review some of the best-known Smithsonian museums to root out "divisive or ideologically driven language."
Democrats who left Texas to block redistricting are discussing when they will return
Republican leaders announced that if they can't reach a quorum again at 10 a.m. Friday, Aug. 15, both the House and Senate will wrap up the special session.
Trump, Zelenskyy, NATO nations set for call ahead of Trump-Putin summit
President Trump, Ukrainian President Volodymyr Zelenskyy and leaders of numerous NATO countries were set to hold a virtual meeting Wednesday ahead of Friday's summit between Mr. Trump and Russian President Vladimir Putin.
Trump sidesteps Senate and judiciary with some U.S. attorney picks
The Trump administration has installed four U.S. attorneys without Senate confirmation, prompting questions about checks on executive power.
California and Trump spar in court over military deployment in L.A.
Lawyers for President Trump and Gov. Gavin Newsom faced off over the National Guard deployment in Los Angeles — and debated whether they were subject to a "constitutional exception.
Some "Alligator Alcatraz" detainees are DACA recipients, have no criminal history
Some "Alligator Alcatraz" detainees are among the more than half-a-million recipients of the Obama-era Deferred Action for Childhood Arrivals policy, or DACA.
After CDC shooting, leadership vacuums and delays frustrate staff
CDC Director Susan Monarez held an all-hands meeting as staff remain shaken by the shooting rampage targeting the agency's headquarters in Atlanta.
Fort Stewart sergeant charged with attempted murder, domestic violence in shooting
Five soldiers were injured when Sgt. Quornelius Radford opened fire on his coworkers last week at the Army post in Georgia.