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18 million Americans are house poor, new study shows
Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
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Millions of U.S. homeowners are spending more than 30% of their monthly income on housing. Here are the hardest hit states.
There are some indications that prices are falling in some parts of the U.S. economy. This comes after the Federal Reserve's announcement to hold interest rates steady for now. CBS News contributor Javier E. David looks at some key economic indicators as inflation slows slightly.
The Federal Reserve is leaving interest rates unchanged for now as it awaits a more sustained period of declining inflation in the U.S. economy. CBS News contributors J.D. Durkin and Javier E. David break down the decision.
As home prices nationwide continue to climb, the federal government is looking into a recent spike in upfront costs associated with buying a house.
Continued demand and lack of inventory are driving up the prices of homes at a time when mortgage rates are also climbing.
Demand for buying a home will remain strong in 2024 even though mortgage rates have been around 7% this year.
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds.
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Aspiring homebuyers face one of the toughest markets in years, with one analyst pointing to a "toxic brews" chilling sales.
While inflation has shown signs of cooling, mortgage rates and home prices are still stubbornly high, making it challenging for many Americans to buy homes. Elise Preston reports.
After a hotter-than-expected inflation report on Tuesday, economists now believe the Fed could postpone its first rate cut. Here's what to know.
Mortgage rates are expected to fall slightly this year, according to real estate experts looking at the data. Jessica Lautz, the deputy chief economist and vice president of research at the National Association of REALTORS, joins CBS News to discuss if homeowners should refinance their mortgages.
While rents have been easing for the past few months nationwide, prices are still up significantly compared to before the pandemic, largely due to inflation. Providence, Rhode Island, saw one of the highest rent increases in the U.S. last year, and according to researchers, you need a salary of close to $83,000 to afford a two-bedroom apartment there. Nancy Chen reports.
The Federal Reserve Board announced it will not change interest rates for now as it eyes how to lower inflation without running the risk of entering a recession. CBS News business analyst Jill Schlesinger looks at the Fed's decision and the upcoming cues to look out for in the economy.
The big picture on Wall Street is that it's been a solid stretch for the American economy. But for those hoping to buy a home, pay rent, or afford groceries, it's not all quite as rosy.
Some financial experts expect mortgage rates to decline gradually over the coming months. Mark Hamrick, a senior economic analyst for Bankrate, joins CBS News with the data behind this projection.
In a positive sign for the housing market, a growing number of consumers think mortgage rates are likely to decline this year.
Will mortgage rates drop and home prices finally fall in 2024? Chen Zhao, who leads the economics team at Redfin, shares some early predictions for the housing market in 2024.
Sky-high mortgage rates that scared off some potential home-buyers this year are slowly starting to drop. Rates are now at their lowest level since June after hitting a 23-year high in October. Greg McBride, chief financial analyst at Bankrate, joined CBS News to discuss how much lower rates might go.
Mortgage rates are edging down from their highest level in 23 years as inflation around the U.S. continues to cool.
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.
"Even places that historically have been affordable now need six figures," according to Redfin's chief economist.
Many homeowners are struggling to keep up with their mortgage payments amid rising costs and high inflation. Here's how to catch up.
Hurricane Beryl is expected to hit the Windward Islands as an "extremely dangerous" Category 4 hurricane, the U.S.-based Nationall Hurricane Center said.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
Police said they spotted what "appeared to be a handgun" pointed at the officers. It was determined to be a replica Glock handgun.
The first of two rounds in the 2024 French parliamentary election is about to get underway. Here's a look at the trends, and what's at stake.
Beryl is the first hurricane in more than fifty years to appear before July 4th in the Atlantic basin.
Some of the world's largest companies have toned down their Pride campaigns in the wake of last year's backlash against Target and Bud Light.
Long Island police said Steven Schwally, 64, was drunk and speeding when he crashed an SUV into a nail salon Friday, killing an off-duty NYPD officer and three other people.
Alabama college student Aniah Blanchard vanished without a trace in October 2019 — and it took more than a month before her family learned what happened to her.
Family of victim shares new details of their own investigation into what happened the night of the November 2022 murders of four University of Idaho college students and the case against suspect Bryan Kohberger.
Hurricane Beryl is expected to hit the Windward Islands as an "extremely dangerous" Category 4 hurricane, the U.S.-based Nationall Hurricane Center said.
Family of victim shares new details of their own investigation into what happened the night of the November 2022 murders of four University of Idaho college students and the case against suspect Bryan Kohberger.
Alabama college student Aniah Blanchard vanished without a trace in October 2019 — and it took more than a month before her family learned what happened to her.
Beryl is the first hurricane in more than fifty years to appear before July 4th in the Atlantic basin.
Police said they spotted what "appeared to be a handgun" during the chase, but was later determined to be a pellet gun resembling a Glock 17.
Some of the world's largest companies have toned down their Pride campaigns in the wake of last year's backlash against Target and Bud Light.
Last night's presidential debate between Biden and Trump marked a drop in TV viewership from 2020 and 2016.
CDK outage forecast to slow auto sales by 7.2% in June, pushing demand into July.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
Army of volunteers raced to hand out jugs of milk and bags of groceries to line of cars outside Fordyce High School.
Robert Costa examines the political fallout from Thursday's presidential debate.
Some Democrats question Biden's ability to campaign in the 2024 presidential election, divide over whether he should be the nominee, after voters say Trump won debate.
Pennsylvania Rep. Madeleine Dean, a Democrat, said of Biden, "He had a bad debate. There's no two ways about that."
The Biden campaign says President Biden will "absolutely not" step aside.
Former President Donald Trump addressed a rally in Chesapeake, Virginia, a day after his first 2024 debate with President Biden.
Less than 100 intestinal transplants were done in 2023. For Danielle Perea, the surgery was her only chance.
The FDA said its study better simulated how commercial milk processing kills the bird flu virus, H5N1.
Cones, chocolate bars and gummies sold nationwide found to contain toxic levels of chemical found in some mushrooms.
Japan's Kobayashi Pharmaceutical says its looking at possible links between 80 deaths and its benikoji red yeast supplements.
Iowa joins more than a dozen other states with restrictive abortion laws following the U.S. Supreme Court's overturning of Roe v. Wade in 2022. Three other states currently ban abortions at about six weeks.
Hurricane Beryl is expected to hit the Windward Islands as an "extremely dangerous" Category 4 hurricane, the U.S.-based Nationall Hurricane Center said.
India won its second T20 World Cup but its first world title in 12 years.
Five members of the same family were killed when their house was swallowed by a landslide while they were asleep, officials said.
Korda, who tied an LPGA record earlier this year with five consecutive victories, has missed the cut in three straight tournaments for the first time in her career.
Called 2024 MK, the space rock will make its closest approach to Earth on Saturday.
Longtime comedy actor Martin Mull, who had many memorable roles in TV shows including "Fernwood Tonight," "Roseanne" and "Arrested Development," has died at the age of 80.
Formed in Boston 20 years ago, Lake Street Dive is best known for their unique blend of jazz, pop, soul, country and folk music. Ahead of a nationwide tour, the band recently released their eighth studio album. Now, from "Good Together," here is Lake Street Dive with "Help Is On The Way."
Formed in Boston 20 years ago, Lake Street Dive is best known for their unique blend of jazz, pop, soul, country and folk music. Ahead of a nationwide tour, the band recently released their eighth studio album. Now, from "Good Together," here is Lake Street Dive with "Dance With a Stranger."
Formed in Boston 20 years ago, Lake Street Dive is best known for their unique blend of jazz, pop, soul, country and folk music. Ahead of a nationwide tour, the band recently released their eighth studio album. Now, here is Lake Street Dive with the title track of their new album, "Good Together."
Martin Mull came to national fame with a recurring role on the Norman Lear-created satirical soap opera "Mary Hartman, Mary Hartman," and the starring role in its spinoff, "Fernwood 2 Night."
This week marks 50 years since the debut of the barcode, those machine-readable black stripes that have changed many aspects of modern life. Bradley Blackburn looks back at its history.
Three major mobile carriers say customers abroad can't make phone calls, send messages.
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.
Recall involves about 132,000 units due to lithium-ion batteries that can overheat, with $20,000 in property damage reported.
Voice actors Paul Skye Lehrman and Linnea Sage say their voices are their livelihoods and are now being stolen by AI.
Called 2024 MK, the space rock will make its closest approach to Earth on Saturday.
Scientists are racing to figure out what's causing strange behavior and even deaths among fish, including the endangered sawfish. The phenomenon started in the Florida Keys, but has been seen as far north as Tampa.
South Africa is home to a large majority of the world's rhinos and as such is a hot spot for poaching driven by demand from Asia.
New research paints a worrying picture about the state of polar bears in Canada's Hudson Bay. The big furry bears could go extinct in the region as early as the 2030s due to thinning ice, longer ice-free seasons and human activity leading to climate change. Geoffrey York, one of the study's co-authors, joins CBS News to break down the findings.
Scientists monitoring 51 chimpanzees saw sick or injured animals eating certain plant items that were not part of their normal diet.
Family of victim shares new details of their own investigation into what happened the night of the November 2022 murders of four University of Idaho college students and the case against suspect Bryan Kohberger.
Alabama college student Aniah Blanchard vanished without a trace in October 2019 — and it took more than a month before her family learned what happened to her.
Police fatally shot a 13-year-old boy late Friday night following a chase in Utica, New York, after the teen displayed what turned out to be a replica handgun, authorities said. Michael George has the latest.
Police said they spotted what "appeared to be a handgun" during the chase, but was later determined to be a pellet gun resembling a Glock 17.
The 36-year-old woman is being held in the Mecklenburg County Jail on a $250,000 bond, jail records show.
The problem for NASA and Boeing is that the Starliner's service module is discarded before re-entry and burns up in the atmosphere.
The latest GOES satellite will play a critical role in tracking hurricanes and other dangerous storms across North America.
China's Chang'e 6 is the first craft ever to collect soil and rock samples from the side of the moon that faces away from Earth into space.
NASA has again postponed the troubled Boeing Starliner's trip home from the International Space Station as crews assess a series of helium leaks. Those leaks had also delayed the first crewed launch of the ship multiple times. Mark Strassmann reports.
NASA canceled a spacewalk on Monday due to a leaky spacesuit. And Starliner commander Barry "Butch" Wilmore and co-pilot Sunita Williams will remain at the International Space Station longer than planned after NASA and Boeing delayed the capsule's return to Earth. CBS News space consultant Bill Harwood breaks down the issues the astronauts are navigating in space.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
The actor, recipient of a lifetime achievement Academy Award, was renowned for such films as "MASH," "Klute," "Don't Look Now," "Ordinary People," and "The Hunger Games."
The Illinois mom wrote, "If something ever happens to me, please make sure the number one person of interest is Tim." Take a look at the evidence that led to Tim Bliefnick's arrest.
"Sunday Morning" looks back at historical events on this date.
CBS News chief election & campaign correspondent Robert Costa examines the political fallout from Thursday's debate between President Joe Biden and the presumptive GOP nominee Donald Trump, and talks with New York Times White House reporter Katie Rogers, Democratic Party strategist Faiz Shakir, and Republican Chris Sununu, governor of New Hampshire.
The family of murdered student Kaylee Goncalves says they may have uncovered a connection between the suspect, their daughter, and Madison "Maddie" Mogen. "48 Hours" correspondent Peter Van Sant reports.
College student Aniah Blanchard had a deep fear of being kidnapped. When she disappears, UFC fighter Walt Harris battles for justice for his stepdaughter. CBS News special correspondent James Brown reports for "48 Hours."
Beryl on Saturday became 2024's first Atlantic hurricane and was forecast to strengthen as it approaches the Caribbean. Meteorologist Molly McCollum of The Weather Channel has more on the hurricane and the forecast going into the holiday travel week.