2023 was brutal for homebuyers. Here's what to expect in 2024.
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.
Housing Crisis
Want to rent a single-family home? Here's where it's most affordable.
With homeownership costs increasingly unaffordable, millions of people are instead renting their piece of the American Dream.
Economy is a 2024 election top voter priority
The economy is the issue voters most care about when thinking ahead to the 2024 presidential elections, according to a CBS News poll. CBS News correspondent Lana Zak met with Georgia voters who are divided on the state of the economy.
What $1.8B ruling means for real estate industry
Earlier this week, a federal jury awarded $1.8 billion in damages against the National Association of Realtors and several real estate companies for finding that they artificially inflated brokerage commissions. Carter Evans takes a look at what the staggering payout could mean for the real estate industry.
Could a housing market recession be looming?
The lack of housing supply in the United States is related to the ongoing spikes in interest rates. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News to explain the mortgage "lock-in effect," which may be keeping homes off the market.
More young adults in the U.S. are living at home with their families
Roughly 45% of Americans ages 18 to 29 are living at home with their families — the highest level in 70 years, new data shows.
Home shortage continues despite building boom
Real estate experts say new apartment construction in the U.S. is now on track to beat a 50-year high, but the new buildings aren't alleviating the housing shortage. A new report from Axios found the majority of these new apartments are concentrated in just 20 metro areas across the country and most of the new units are luxury apartments. Axios real estate reporter Sami Sparber joined CBS News discuss the trend.
Mortgage rates continue to climb — and could soon reach 8%
Fed signaled it might raise its benchmark rate before year's end, which may catapult mortgage rates even higher.
Renting a home may be more financially prudent than buying one, experts say
Potential homebuyers need to consider the total cost of a home, including mortgage rates, property insurance, property taxes and maintenance.
Home costs rise on East Coast, fall in West
The nation's housing prices are seeing their first year-over-year decline since 2012. That decline, however, was not felt across the board. While prices fell in cities like Seattle, San Francisco and Las Vegas, home buyers in places like Miami, Chicago and Atlanta were asked to pay more. Wall Street Journal housing reporter Nicole Friedman joins CBS News to break down what's going on in the housing market.
Black couple settles discrimination lawsuit over low home appraisal
The licensed real estate appraiser, who doesn't have to admit any liability in the case, is mandated to attend training sessions on segregation and agree to not discriminate in the future.
Difficult economy and loneliness forces some retirees to move in with family
An estimated 60 million Americans live in households with two or more adult generations, according to numbers from the Pew Research Center.
Gen Z Congressman-elect denied an apartment over "really bad" credit
Maxwell Frost went into debt running for his historic congressional win. It's now making it difficult for him to get a home near the House.
Housing market correction could come soon
Housing prices could see a steep drop soon. Many homes on the market are currently "overvalued" and with higher mortgage rates demand is drying up, causing some economists to predict costs will drop to more realistic levels. Moody's Analytics chief economist Mark Zandi joins "CBS News Mornings" to explain what he thinks will be changing in the housing market over the coming year.
How a land-value tax could help U.S. housing
As the U.S. faces a housing crunch, a land-value tax could reshape how people afford homes and businesses. Daryl Fairweather. chief economist at Redfin and an Insider Business contributor, joins "CBS News Mornings" to discuss her findings.
8/24: CBS News Mornings
Democratic challenger chosen for Florida governor's race; Land-value tax could help fix the U.S. housing crisis
Dire U.S. housing shortage isn't only a coastal issue anymore
Home prices are skyrocketing amid a shortage of properties — a crisis spreading to once-affordable towns across the U.S.
This week on "Face the Nation with Margaret Brennan," July 17, 2022
Rep. Adam Kinzinger, former FDA Commissioner Dr. Scott Gottlieb and more appear on "Face the Nation with Margaret Brennan" this Sunday.
MoneyWatch: Average rent up by over $1,000
Across America, the cost of rent is on the rise. Five cities saw average increases of over $1,000 per month from 2021 to 2022. Rent.com Senior Managing Editor Brian Carberry joins "CBS News Mornings" to explain what's driving up costs and what renters can do to save money.
Navigating rent and home price hikes
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the housing affordability crisis, as home prices are up more than 34% over the last two years and rent has increased almost 17% from last year. Schlesinger offers advice for renters who may have a lease coming up soon and for home buyers who are trying to figure out what they can afford.
Eye on America: 3D-printed homes and more
From different cultures to new technologies. We bring you the stories of communities across America that are conquering challenges they face. First, we see how one company is printing 3D homes to ease the housing crisis in Virginia. Then, we visit a group of young refugees living in Chicago to see how a community program changed their lives. Watch these stories and more on "Eye on America" with host Michelle Miller.
Rents rising across the U.S.
Rent in the U.S. is rising at the fastest rate in decades. According the Washington Post, the average cost of rent increased 11.3% in 2021. Washington Post U.S. economy reporter Ahba Bhattarai joins CBS News to discuss what is causing the increase and who is most impacted by it.
Dallas Fed warns of housing bubble
The Federal Reserve Bank of Dallas is warning Americans that there could be a housing bubble on the horizon. Sheryl Palmer, chairman, president and CEO of homebuilding business Taylor Morrison, joins CBS News' Tanya Rivero and Nikki Battiste and shares why she disagrees.
Scientists still identifying 9/11 victims' remains, giving answers to loved ones
The New York City Office of Chief Medical Examiner has pledged to continue efforts to identify 9/11 victims' remains for as long as there are families looking for answers.
Spirit Airlines files for bankruptcy
The budget carrier is trying to recover from the pandemic-caused swoon in travel and failed mergers.
"Everything as it was": Explore the bedrooms of kids killed in school shootings
The families of eight school shooting victims opened their doors to Steve Hartman and photographer Lou Bopp, allowing them to document their children's bedrooms.
Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."
Biden OKs Ukraine's use of U.S.-provided weapons deep inside Russia
The easing of restrictions would allow Kyiv to use the Army Tactical Missile System, or ATACMS, to hit targets inside Russia.
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
Biden becomes first sitting U.S. president to visit Amazon rainforest
Mr. Biden has made addressing climate change a key part of his policy agenda.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
U.S.
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Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
San Diego, Tijuana Youth symphonies unite for historic cross-border performance
The performance was part of an effort to bridge communities through creativity and innovation during this year's "World Design Capital" designation.
Organic carrots recalled after E. coli outbreak. These are the brands impacted.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
MoneyWatch
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Spirit Airlines files for bankruptcy
The budget carrier is trying to recover from the pandemic-caused swoon in travel and failed mergers.
Organic carrots recalled after E. coli outbreak. These are the brands impacted.
Grimmway Farms, which made and packaged the organic carrots, issued the recall on Saturday after nearly 40 cases were recorded in 18 states.
Trump's win could sharply raise the cost of electric vehicles. Here's why.
Americans looking to purchase EVs may want to do so quickly, as the incoming administration is likely to axe a $7,500 tax credit.
Social Security bill to expand benefits is in the hands of the Senate
The Social Security Fairness Act, which would increase benefits for 2.8 million retirees, has bipartisan support but time running out.
How much money did Mike Tyson and Jake Paul make for their big fight?
Mike Tyson, a boxing legend, and Jake Paul, a social media legend, threw down Friday in Dallas. Financially, they both came out winners.
Politics
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Trump taps Musk-allied big tech critic Brendan Carr to head FCC
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the FCC, calling Carr a "warrior for Free Speech."
Hegseth paid accuser but denies wrongdoing, attorney says
Trump has indicated that the revelations about the accuser and payment have not deterred him from Hegseth's selection as defense secretary.
Trump's controversial Cabinet and senior staff picks face uncertain future
President-elect Donald Trump's Cabinet and senior staff picks are facing an uncertain future as his selections received mixed reviews in recent days — and a handful sent shockwaves through Washington.
Birx says she is "excited" for data-driven discussions in RFK Jr.'s confirmation hearings
Dr. Deborah Birx, former White House Coronavirus response coordinator, said Sunday she is "excited" for the data on key health issues that will surface in Senate confirmation hearings for Robert F. Kennedy, Jr.
Full transcript of "Face the Nation with Margaret Brennan," Nov. 17, 2024
On this "Face the Nation with Margaret Brennan" broadcast, Sue Gordon and Dr. Deborah Birx join Margaret Brennan.
HealthWatch
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Combating Parkinson's with rock climbing
There is currently no cure for Parkinson's Disease. But some with Parkinson's are finding that an unusual therapy – rock climbing – is helping them improve their balance, mobility, strength and cognition.
Woman in Idaho abortion ban case shares her story
Kayla Smith, one of the plaintiffs in a lawsuit against Idaho's restrictive abortion ban, tells Nicole Valdez about "the most traumatic experience" of her life. She and five other women are suing the state to clarify and expand abortion exceptions.
U.S. health officials report 1st case of new form of mpox in a traveler
The person had traveled to eastern Africa and was treated in Northern California upon return, according to the California Department of Public Health.
This mom moved 9,000 miles seeking medical treatment for her son
A mother and son flew 9,000 miles to seek care for his spinal condition after they'd exhausted options in their home country.
What to know about RFK Jr.'s stances on key health issues
Robert F. Kennedy Jr., Trump's pick to lead the Department of Health and Human Services, has raised controversy on topics ranging from vaccines to fluoride to food.
World
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Palestinians' hopes and fears as Trump heads back to the White House
Gazans say they'd welcome Trump making good on his vow to end the war, but not "at the expense of the Palestinian people."
14 suspects linked to powerful cartel arrested in Spain murder probe
The arrests came after a murder victim's family received a large ransom request and $32,000 was paid in cryptocurrency.
Biden OKs Ukraine's use of U.S.-provided weapons deep inside Russia
The easing of restrictions would allow Kyiv to use the Army Tactical Missile System, or ATACMS, to hit targets inside Russia.
Sara becomes tropical depression after landfall in Belize
Tropical Storm Sara made landfall near Dangriga, about 55 miles southeast of the capital Belmopan, the Miami-based National Hurricane Center said.
Gold watch gifted to Titanic hero sold for record price
The 18-carat Tiffany & Co. watch was given by three women survivors to Capt. Arthur Rostron for diverting his passenger ship, the RMS Carpathia, to save them and others after the Titanic struck an iceberg and sank in the north Atlantic.
Entertainment
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Victoria Kjær Theilvig of Denmark is crowned Miss Universe
Victoria Kjær Theilvig, an animal protection advocate who works in the diamond selling business, beat out Miss Nigeria at the end of the competition.
Cher opens up about life with Sonny
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.
Cher opens up about life with Sonny
It took forever for Cher to write her story, but this week, her memoir (that is, "Part One" of her memoir) is being released. She talks with correspondent Anthony Mason about her relationship, on stage and off, with Sonny Bono; the shocking truth she learned about "Cher Enterprises"; and why Sonny & Cher's TV partnership survived beyond their marriage.
Extended interview: Cher
In this web exclusive, correspondent Anthony Mason sits down with the singer Cher to talk about her new book, "Cher: The Memoir – Part One," which explores the "crazy ride" of her childhood. She also discusses her relationship with Sonny Bono, and why their extraordinarily successful musical duo, Sonny & Cher, survived the breakup of their marriage.
"Gladiator II" star Paul Mescal on his relationship with fame
He's earned critical acclaim and award nominations for performances in "Aftersun" and "Normal People." Now, Irish actor Paul Mescal, who's become a Gen Z heartthrob, is front-and-center of Ridley Scott's epic "Gladiator II."
Technology
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Technology
How this new car runs without gas or electricity
As climate change intensifies, the race for a more eco-friendly car has revved up. Itay Hod reports on the newest twist on travel.
"Human … Please die": Chatbot responds with threatening message
In an online conversation about aging adults, Google's Gemini AI chatbot responded with a threatening message, telling the user to "please die."
How AI powered robots are helping small farms
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Meta facing courtroom battle
On Wednesday, a judge allowed a Federal Trade Commission lawsuit to move forward that accuses Meta of creating an illegal monopoly with Facebook, Instagram and WhatsApp. CBS News MoneyWatch correspondent Kelly O'Grady explains.
The Guardian to stop posting on X, calling it "a toxic media platform"
The Guardian says benefits of being on Elon Musk's social media platform X are outweighed by its "often disturbing content."
Science
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Science
How climate change impacts the economy
2024 is on pace to be the hottest year on record worldwide. CBS News Los Angeles meteorologist and climatologist Marina Jurica reports that extreme weather events cost the global economy over $2 trillion in the last 10 years.
Scientists say biggest coral in the world discovered in the Pacific
Scientists say they've discovered a "mega coral" three times bigger than the previous record holder - so huge they initially thought it was a shipwreck.
Surfboards with lights could deter shark attacks: "Invisibility cloak"
Seal-shaped boards decked with bright horizontal lights were less likely to be attacked by great white sharks, researchers found.
Trump officials likely to reverse drilling waste "methane fee" EPA is imposing
Oil and natural gas companies will have to pay a federal fee if they emit methane above certain levels under a rule being finalized by the Biden administration that incoming Trump officials are likely to reverse.
Site of ancient, key battle in Iraq found using spy satellite images
1970s-era U.S. spy satellite imagery has led archeologists to what they believe is the site of a seventh-century battle that was decisive in the spread of Islam in the region.
Crime
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14 suspects linked to powerful cartel arrested in Spain murder probe
The arrests came after a murder victim's family received a large ransom request and $32,000 was paid in cryptocurrency.
Shootings along New Orleans parade route leave 2 dead, 10 wounded
Two people were killed and 10 wounded in two shootings along a New Orleans parade route and celebration attended by thousands, authorities said. There were no immediate arrests.
Calvin Klein model charged with murder in NYC stabbing death
Dynus Saxon was arraigned in Bronx criminal court in connection with the Nov. 10 killing of Kadeem Grant, the DA said.
Ex-boyfriend and fiancée behind fatal stabbing, shooting of Texas mom
What appeared to be an open-and-shut case for Texas investigators turned out to be a twisted murder plot involving victim Alyssa Beard's ex-boyfriend Andrew Beard and his fiancée Holly Elkins – who detectives say was the mastermind.
Photos key in family's quest to prove daughter's death was a homicide
After authorities ruled Megan Parra took her own life, her family would spend years investigating her death, recruiting two retired FBI agents and convincing local and state officials to take a second look at the case.
Space
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Far side of the moon once had erupting volcanoes, lunar soil shows
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
When you can see the Beaver Moon, 2024's final supermoon
November's full moon, known as the Beaver Moon, is the last supermoon of 2024. Here's when it peaks and why it's called the Beaver Moon.
Astronauts decline to answer questions about post-flight medical issue
Medical issues aside, the astronauts described a water leak in June that triggered a blizzard in the International Space Station's airlock.
Cargo ship brings science gear, holiday treats to space station crew
With an Election Day docking, the cargo ship delivered 3 tons of supplies and equipment, including an unusual wooden satellite.
The Taurid meteor showers will peak a week apart in November
Two sister meteor showers are already flashing across night skies — and will peak a week apart.
Latest Galleries
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Notable Deaths in 2024
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Serial killer Rodney Alcala's secret photos
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The troubled marriage of Ashley and Doug Benefield
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
Evidence in "The Dexter Killer" case
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Summer music heats up 2024
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Latest CBS News Videos
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Architect Bjarke Ingels | 60 Minutes Archive
Morley Safer met Danish architect Bjarke Ingels in New York City back in 2016, when the 41-year-old was handling over 60 major projects including Lego's new headquarters and a building for Google. At the time he was also involved in designing Two World Trade Center.
11/17: The Takeout: Vermont Sen. Peter Welch
Sen. Peter Welch, a Democrat from Vermont, reflects on the 2024 election with Major Garrett, talks about Donald Trump's Cabinet selections, and looks ahead to how Democrats can navigate the next two years of full GOP control in Washington.
U.S., Mexican youth symphonies perform together
Two youth symphonies, one from San Diego and the other from Tijuana, joined forces over the weekend for a performance in California. Andres Gutierrez has the story behind the show.
Notre Dame set to reopen after fire
Paris' Notre Dame Cathedral is set to reopen more than five years after a devastating fire almost destroyed the iconic landmark. Elaine Cobbe takes a look at the restoration process.
Trump's possible impact on EV sales
Electric vehicle sales hit an all-time high this summer, but some worry the incoming Trump administration could put a dent in sales. Ryan Yamamoto explains why.