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.
The U.S. Department of Agriculture confirmed that live larvae found in June were caper fruit flies.
The state's highest court ruled a special prosecutor's decision to re-indict Smollett violated his constitutional rights after Cook County prosecutors previously dropped charges against him.
Vidhay Reddy said he had used the tool several times before with zero issues, but this time was very different.
The leaders are accused of crimes against humanity and war crimes over the war in Gaza and the Oct. 7 Hamas attack on Israel.
Hoekstra, who was named chairman earlier this year, previously served as a U.S. House representative in Michigan's 2nd District and as the U.S. ambassador to the Netherlands during Trump's first term.
The U.S. Department of Agriculture confirmed that live larvae found in June were caper fruit flies.
The state's highest court ruled a special prosecutor's decision to re-indict Smollett violated his constitutional rights after Cook County prosecutors previously dropped charges against him.
Hoekstra, who was named chairman earlier this year, previously served as a U.S. House representative in Michigan's 2nd District and as the U.S. ambassador to the Netherlands during Trump's first term.
A 72-year-old man and a 75-year-old woman suffered critical injuries. Several others suffered minor injuries as well.
Vidhay Reddy said he had used the tool several times before with zero issues, but this time was very different.
Local UAW members claim Stellantis is to blame for roughly 4,000 layoffs this fall, not poor market conditions.
Ford said Wednesday most of the job cuts would come in Germany and would be carried out in consultation with employee representatives.
On average, a 15-gallon tank of gas will cost Michiganders $46, which is $12 less than what they were paying from 2023's highest price in August.
General Motors announced Friday it was laying off nearly 1,000 salaried workers worldwide.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
Tickets go on sale to the general public via Ticketmaster on Tuesday, Nov. 26.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
With the release of part one of her new memoir, Cher talks about her relationship - on stage and off - with Sonny Bono, and why their TV partnership survived beyond their marriage.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Tickets go on sale Friday, November 22 at 10 a.m.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
Detroit's Tarik Skubal wins the AL Cy Young Award after leading the Tigers to its first playoff in a decade.
Reddit says it's investigating after users on Wednesday reported problems connecting to the online forum.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
Ford said Wednesday most of the job cuts would come in Germany and would be carried out in consultation with employee representatives.
The school district introduced therapy dogs two years ago, and things have gone so well that it decided to add six more dogs.
Lattes and other espresso-based drinks may not be available at some McDonald's restaurants due to a glitch with coffee machines.
CDC data shows rates of Mycoplasma pneumoniae have surged in babies.
A WARN notice says that an agreement between the hospital and the Secretary of Health and Human Services would be terminated because the hospital was not in compliance with some of the Medicare Conditions of Participation.
A number of homes in parts of Metro Detroit are seeing elevated levels of lead in their drinking water, according to officials.
Detroit's Tarik Skubal wins the AL Cy Young Award after leading the Tigers to its first playoff in a decade.
Hinch, a 50-year-old in his fourth season leading the Tigers, made the playoffs with a torrid second half despite losing quality players like right-hander Jack Flaherty at the July 30 trade deadline.
Weeks before the high school wrestling season is set to begin, the Livonia Public Schools District has fired a wrestling coach.
The Detroit Lions have developed a killer instinct this season.
Zach LaVine scored 16 of his 25 points in the fourth quarter and the Chicago Bulls pulled away for a 122-112 win against the Detroit Pistons on Monday night.
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.
How did the Democrats lose so many races at once?
In Michigan, the Democrats have control of the governor's mansion and both state houses.
In Michigan, the Democrats now have control of the governor's mansion and both state houses.
Both party chairs also talked about the ground game as each looks for independent voters and those who haven't voted in a while they hope to inspire to show up on Nov. 5.
Eighteen condo units have been destroyed in an explosion Tuesday evening in Orion Township, officials say; President-elect Trump nominated Michigan GOP Chair Pete Hoekstra for U.S. ambassador to Canada; Tigers pitcher Tarik Skubal received the AL Cy Young Award after leading the team to the playoffs; and more on the latest top stories.
As the holidays approach, many people plan to spend time with family. But what about those whom you haven't talked to in a while? Dr. Molly Oshea, pediatrician and consultant, joins CBS News Detroit to discuss.
Michigan Science Center will host a series of events on Nov. 30 to celebrate Paleontology Day. Domenic Roberto will join CBS News Detroit to discuss the events.
Vidhay Reddy said he's the tool several times before with zero issues, but this time was very different.
Only warming to 40 this afternoon.