Affording a home in the U.S. increasingly seems like an impossible dream
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?
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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?
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.
These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
Detroit was named on a list of 14 cities where people can buy a home if they make less than $100,000 a year, according to Realtor.com.
The median U.S. rent now hovers around $2,000 a month, consuming a growing chunk of people's paychecks.
The University of Michigan Poverty Solutions study found that found that the net housing value for Black homeowners grew from $3.4 billion in 2014 to $6.2 billion in 2022, an 80% increase.
Raging inflation has also driven up property taxes, with homeowners in some states getting socked with double-digit increases.
The annual income needed to afford even a basic home in the U.S. has risen sharply since the pandemic, a new report shows.
It's worth politely asking your agent to lower their commission fee. More than half of those who do so are successful.
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.
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.
Home prices have jumped so much that Americans must pay a third of their income on housing, according to one study.
Interest rates for a home loan are continuing to soar, driving many aspiring property owners out of the market.
Shortage of properties and high housing costs can make it hard for middle-income Americans to become homeowners.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
In 45 of the 50 largest cities, buyers pay far more for the privilege to own a home than they do to rent.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
Utah's Jordan Clarkson has been fined $35,000 by the NBA, and Detroit's Ron Holland II and Paul Reed were also penalized for their roles in an altercation between the Jazz and Pistons.
Trinidad Chambliss threw for three touchdowns and ran for two more as second-seeded Ferris State routed top-seeded Valdosta State 49-14 for its third NCAA Division II championship.
The Detroit Lions made a flurry of roster moves Saturday, including waiving safety Brandon Joseph, who was briefly arrested by police early Saturday.
Authorities in Wixom are asking for help identifying a man in connection with a robbery reported at the Chillbox gas station early Saturday.
The Redford Union School District has launched a new program offering laundry services and essential foods for underserved families.
The Detroit Lions made a flurry of roster moves Saturday, including waiving safety Brandon Joseph, who was briefly arrested by police early Saturday.
The Redford Union School District has launched a new program offering laundry services and essential foods for underserved families.
Christmas Eve is Tuesday, but it's already been a busy time at Detroit Metro Airport with families beginning their holiday travels.
Leaders at the University of Michigan, including the school's president, are among those named in the federal lawsuit.
Despite it being the shortest day of the year, Detroit's latest sunrise and earliest sunset do not arrive on the winter solstice. Our earliest sunsets are actually already in our recent past.
Organizers announced earlier this year that the show was returning to its traditional January slot after taking place in the fall in recent years.
The grants are in addition to the $1.8 million that Stellantis provided for home repairs to 120 homeowners on the east side in 2020 and 2021.
Troubled automaker Stellantis has decided that its Ram brand needs its own executive, so it is bringing back an executive who retired this year when CEO Carlos Tavares was still running the company.
In Metro Detroit, gas prices continue to fall. Motorists are filling up for an average of $2.96 per gallon.
As we prepare for the winter season, getting your car ready for its quick or long trek can make all the difference.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
The duo will host their podcast at 8 p.m. on March 28 at the Fox Theatre.
The New York Times named the Lebanese Sundae at Leila and the ham sandwich at Mike's Famous Ham Place as two of "The 26 Best Dishes We Ate Across the U.S. in 2024."
Detroit Diamond put her skills on display as a finalist in the Netflix series "Rhythm + Flow," and her career is starting to take off.
Among the 25 films selected by the Library of Congress to be preserved for future generations are the Coen Brothers' "No Country for Old Men," "The Social Network," Cheech & Chong's "Up in Smoke," and "The Texas Chainsaw Massacre."
Party City informed employees in an email on Friday that it was conducting an immediate "mass layoff" at its headquarters.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
Mark Burnett helped produce hits like "Survivor" and "The Voice," but is perhaps best known for teaming up with President-elect Donald Trump for "The Apprentice," which first aired in 2004.
The lawsuit lays out Blake Lively's allegations against Justin Baldoni during their time working on "It Ends with Us."
Pope Francis has told Vatican bureaucrats to stop speaking ill of one another, calling gossip "an evil that destroys social life."
Some 13 oz. bags of Lay's Classic Potato Chips may contain an undeclared allergen, according to the snack company.
Health officials say the number of cases has already surpassed 1,500, 2.5 times more than in 2019.
Wayne County is erasing $27 million in medical debt for more than 46,000 county residents.
Republicans wants to extend 2017 tax cuts that expire next year and could let ACA subsidies lapse to help pay the tab, according to analysts.
A court in Hazel Park is aiming to treat people with substance abuse while keeping them out of prison.
Utah's Jordan Clarkson has been fined $35,000 by the NBA, and Detroit's Ron Holland II and Paul Reed were also penalized for their roles in an altercation between the Jazz and Pistons.
The Detroit Lions made a flurry of roster moves Saturday, including waiving safety Brandon Joseph, who was briefly arrested by police early Saturday.
Rickey Henderson is widely considered to be one of the best leadoff hitters and base stealers in baseball.
The Michigan native says he made the decision in July during the Detroit Tigers season.
Reports say Montgomery consulted medical experts over the last few days and is hopeful that he'll return for the playoffs.
Mary Tyler Moore turned the world on with her megawatt smile as she starred in the iconic "Dick Van Dyke" and "Mary Tyler Moore" shows a generation ago.
The roundtable talked politics and focused on blockbuster news that Detroit Mayor Mike Duggan would run for governor in 2026 but as an independent candidate.
President-elect Donald Trump campaigned with talk of ending the $7,500 electric vehicle tax credit which has helped fuel sales.
The 98th Annual America's Thanksgiving Parade will roll through the streets of downtown Detroit this Thursday, with hundreds of thousands lining Woodward Avenue as six new floats make their debut.
Hackel, the former Macomb County Sheriff, said the results of the 2024 contest are giving him more confidence than ever that he has the right stuff and resumé to be governor.
The Kwanzaa kinara honors the communities, cultures and heritage of African Americans.
Detroit Tigers Manager A.J. Hinch paid tribute to his former teammate Rickey Henderson following the news of his passing Saturday.
Despite a growing number of injuries for the Detroit Lions, hall of fame running back Barry Sanders still believes the team has what it takes to make it all the way.
The Taylor Winterfest Holiday Stroll at the Heritage Park Petting Farm includes carolers, holiday displays and appearances from Mr. and Mrs. Claus.
No one matched all six numbers in Friday’s Mega Millions drawing.