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 No.1 recruit had been committed to the LSU Tigers since January 2024.
Michigan's foster youth face an uphill battle as they age out of the system, but a bill currently in the state Legislature aims to change that.
A Warren police officer is fighting for his life in the hospital after he suffered a serious accident while hunting.
Parents of the victims called for a state-led investigation into the Nov. 30, 2021 shooting.
These are the president's top advisers and the highest-ranked U.S. officials. Here's what Cabinet members do — and some issues they're likely to face if confirmed by the Senate.
The No.1 recruit had been committed to the LSU Tigers since January 2024.
On Thursday, Tlaib said the warrant "signals that the days of the Israeli apartheid government operating with impunity are ending."
Michigan's foster youth face an uphill battle as they age out of the system, but a bill currently in the state Legislature aims to change that.
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.
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.
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.
"America demanded it and now it's happening: Taco Bell's new Cheesy Chalupa Supreme. In other news, I'm hosting the Oscars," Conan O'Brien said.
These are the president's top advisers and the highest-ranked U.S. officials. Here's what Cabinet members do — and some issues they're likely to face if confirmed by the Senate.
Warehouse chain follows rival Costco in raising amount its 7.5 million members must pay to shop at BJ's stores.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
McDonald's wants to make dining at its restaurants affordable for customers again with new value offerings.
The FDA says America's food supply is still "one of the safest in the world," despite some recent high-profile recalls and outbreaks.
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.
The No.1 recruit had been committed to the LSU Tigers since January 2024.
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.
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.
Warming temperatures begin to move in for the weekend but much colder air looks to arrive by Thanksgiving.
Michigan's foster youth face an uphill battle as they age out of the system, but a bill currently in the state Legislature aims to change that.
A Warren police officer is fighting for his life in the hospital after he suffered a serious accident while hunting.
The Detroit PBS documentary "Detroit: The City of Chefs" will premiere on Monday, Dec. 9. Film director Keith Famie will join CBS News Detroit to discuss the documentary.
Chef Musheya from Big Pasta joins CBS News Detroit show how to make dirty rice ahead of Thanksgiving.