Home sellers turn to "mortgage buydowns" as housing cools
Once-hot housing markets are cooling, requiring people to get creative to sell their homes.
Once-hot housing markets are cooling, requiring people to get creative to sell their homes.
Many real estate experts say they expect to see lower housing prices in 2023. CBS News' Tony Dokoupil and Lilia Luciano are joined by Kenny Simpson, mortgage adviser for The Simpson Team, to discuss the market trends.
Jason Lewris, the co-founder and head of Parcl Labs, joins CBS News to share his forecast for the 2023 housing market at the start of the new year.
A growing number of homeowners are considering refinancing as mortgage rates begin to decline. Mike Fratantoni, chief economist at the Mortgage Bankers Association, joins CBS News' Lana Zak and Jim Axelrod to discuss the state of the housing market.
Mortgage rates drop for the fifth week in a row despite the Federal Reserve's recent interest rate hike. BancAlliance President Lori Bettinger joins CBS News Mornings to explain what's spurring the dip.
Jamie Dimon, the CEO of JPMorgan Chase, discusses the economic impact of Russia's war in Ukraine, China loosening its "zero COVID" policy, mortgage rates and more.
Hundreds of thousands of homeowners who bought properties this year owe more than their homes are worth.
Buyers are getting squeezed by higher real estate prices and soaring mortgage rates, which could force more out of the market.
U.S. home sales fell 5.9% in October, and have fallen 28.4% since last year, according to new numbers from the National Association of Realtors. Mark Lehmann, chief executive officer for JMP Securities joined CBS News to discuss the volatile state of the housing market and what potential homebuyers should expect for the near future.
Housing prices have fallen 32% this year, although they remain higher than before the pandemic.
The stock market fell more than 600 points on Wednesday, erasing Tuesday's gains. Managing Director of Wedbush, Dan Ives, joins CBS News to discuss the markets' reaction, the recent fall in demand for mortgages, and tomorrow's Consumer Price Index report.
Rising mortgage rates are shrinking the number of people who can afford to get a home loan.
Home sales across the country over the last eight months are down as the Federal Reserve raises interest rates. Rising mortgage rates are shrinking the number of people who can get a loan and buy a home. Lilia Luciano takes a look.
The Federal Reserve has taken the aggressive step of raising interest rates by another three-quarters of a percentage point. Jeff Taylor, board member at the Mortgage Bankers Association, and CBS News reporter Sarah Ewall-Wice join anchors Errol Barnett and Lana Zak to discuss what this means for the economy.
Average home loan costs haven't been this high since the U.S. economy was reeling from the Sept. 11 attacks.
The average interest rate on the most popular U.S. home loan has reached its highest level in more than two decades. Danielle Hale, chief economist for realtor.com, discussed how concerned Americans should be, how housing prices are affected and the potential impact of the Federal Reserve's expected interest rate hike next week on the housing market.
Surge in borrowing costs is pushing some buyers out of the market, while sellers face a quandary.
Economists predict U.S. home prices could fall by as much as 20% in 2023 as mortgage rates rise. CBS News MoneyWatch reporter Khristopher Brooks breaks down what's driving the expected shift.
Rising mortgage rates are pressuring some prospective homebuyers to put the cash they've saved up for a down payment off to the side. CBS News' Elaine Quijano and Tony Dokoupil speak with James Faris, investment reporter at Insider, about what to do with that hard-earned money.
Some housing analysts expect interest rates for conventional home loans to hit double digits by early next year.
Home prices rose 43% in two years, but now in cities that had those massive spikes, prices are being slashed. Danya Bacchus has more.
According to Freddie Mac, the average 30-year mortgage rate in the U.S. has risen to 6.7%, the highest since 2007. Jessica Lautz, vice president of demographics and behavioral insights at the National Association of Realtors, joined CBS News to provide some advice for new homebuyers.
The U.S. housing market slowed in August for the seventh consecutive month this year. CBS News speaks with George Ratiu, the manager of economic research at realtor.com, about what's driving the downturn in home sales.
Interest rate on a typical 30-year mortgage rate has jumped by more than a quarter-point this week to 6.29%.
Borrowing costs for a conventional home loan have more than doubled over the last year.
Nearly 4 million customers in Florida, Georgia and the Carolinas were in the dark as Helene moved inland from the Big Bend area of Florida's Gulf Coast.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim later in her career in roles in "Harry Potter" and "Downton Abbey."
Video shows a Coast Guard member descending into the choppy ocean from a helicopter to reach the man and dog.
NYC Mayor Eric Adams faces arraignment Friday after his indictment on federal bribery and campaign finance charges.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
Vice President Kamala Harris will deliver remarks in Douglas, Arizona, her first trip to the U.S.-Mexico border since becoming the Democratic nominee for president.
The U.S. official said it was "not surprising" that China's navy would conceal it. The submarine's current status is unknown.
Israel's leader softens his stance on a U.S.-backed cease-fire proposal with Hezbollah, but deadly strikes in Lebanon continue before his U.N. speech.
Chocolates, flowers and gold mines: A CBS News investigation reveals the lengths scammers go to to romance and rob unsuspecting Americans.
Video shows a Coast Guard member descending into the choppy ocean from a helicopter to reach the man and dog.
Investigators say the suspicious timing of doing a load of laundry and a call to 911 focused their attention on a former state trooper and his potential role in his wife's death.
NYC Mayor Eric Adams faces arraignment Friday after his indictment on federal bribery and campaign finance charges.
The U.S. official said it was "not surprising" that China's navy would conceal it. The submarine's current status is unknown.
Vice President Kamala Harris will deliver remarks in Douglas, Arizona, her first trip to the U.S.-Mexico border since becoming the Democratic nominee for president.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
A top investor in Trump Media & Technology Group has shed most of its position in the Truth Social owner, according to a filing.
Former President Donald Trump announced the new watch line on Truth Social, describing the timepieces as "truly special."
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
Thirteen states in Appalachia join others in placing free boxes of naloxine in metal dispensers once used for newspapers, as part of Save a Life Day.
NYC Mayor Eric Adams faces arraignment Friday after his indictment on federal bribery and campaign finance charges.
"I don't think we know who's going to win Michigan yet," Rep. Debbie Dingell told chief Washington correspondent Major Garrett on "The Takeout" podcast.
Vice President Kamala Harris will deliver remarks in Douglas, Arizona, her first trip to the U.S.-Mexico border since becoming the Democratic nominee for president.
The FBI launched probes earlier this summer after both the Trump and then-Biden campaigns experienced attempted phishing schemes targeting people associated with the candidates, sources told CBS News in August.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
Gov. Gavin Newsom signs law prompted by a decade-long CBS News California investigation into California's newborn genetic biobank.
Ten deaths have been linked to now-recalled Boar's Head products.
The latest round of COVIDTests.gov will again rely on less sensitive "antigen" tests.
Thirteen states in Appalachia join others in placing free boxes of naloxine in metal dispensers once used for newspapers, as part of Save a Life Day.
Israel's leader softens his stance on a U.S.-backed cease-fire proposal with Hezbollah, but deadly strikes in Lebanon continue before his U.N. speech.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim later in her career in roles in "Harry Potter" and "Downton Abbey."
The U.S. official said it was "not surprising" that China's navy would conceal it. The submarine's current status is unknown.
Chocolates, flowers and gold mines: A CBS News investigation reveals the lengths scammers go to to romance and rob unsuspecting Americans.
Republicans are claiming election interference after Zelenskyy visited Pennsylvania earlier this week.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim later in her career in roles in "Harry Potter" and "Downton Abbey."
Tony Dokoupil and Adriana Diaz co-host "CBS Mornings Plus," airing weekdays on CBS-owned stations in Los Angeles, Chicago, San Francisco, Detroit and Miami, and streaming on CBS News 24/7.
The Nevada Supreme Court left open a possibility for charges to be refiled.
Academy Award-winning actor Cate Blanchett joins "CBS Mornings" to talk about her new psychological thriller, "Disclaimer."
Disney follows in the footsteps of Netflix in looking to convert Disney+ password-borrowers into paying customers.
Top U.S. artificial intelligence startup OpenAI took a hit Thursday after three of its top executives exited the company. The departures come as CEO Sam Altman is reportedly preparing to turn OpenAI into a traditional for-profit company. Connie Guglielmo, senior vice president focused on AI edit strategy for CNET, joins CBS News to examine the future of the startup.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
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 AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
CBS News found the song has been used in more than 4,500 TikTok videos alone, with some users believing it's a song released by Bieber.
Nine years after it was negotiated, the Paris Climate Agreement continues to serve as a blueprint for global environmental goals. Todd Stern, the top U.S. negotiator for the deal, outlines the years-long process it took to reach the landmark agreement in his new book, "Landing the Paris Climate Agreement: How It Happened, Why It Matters and What Comes Next." Stern joins CBS News to look back at the talks.
Florida is bracing for the wrath of Hurricane Helene. A common question that scientists face during natural disasters like this is: Has climate change impacted their severity? CBS News Miami investigative reporter Jim Defede and CBS News Texas investigative reporter Brian New break down how lawmakers and residents in their states view climate change amid natural disasters.
Three houses have collapsed into the ocean in Rodanthe, North Carolina, in less than a week — and they're likely not the last. Here's why.
President Biden touted his administration's climate progress at the United Nations General Assembly on Tuesday. But in California, lawmakers have often been ahead of the federal government's climate policy, although they are not always aligned. CBS News California investigative correspondent Julie Watts has more.
Some of California's Democratic state politicians say they are voting against clean energy measures and climate legislation for economic reasons connected to their constituents. CBS News Sacramento's Julie Watts reports.
Investigators say the suspicious timing of doing a load of laundry and a call to 911 focused their attention on a former state trooper and his potential role in his wife's death.
A search of Brian Crossman Jr.'s cell phone found multiple internet searches related to serial killers and unresolved murders, police said.
NYC Mayor Eric Adams faces arraignment Friday after his indictment on federal bribery and campaign finance charges.
Men and women in the U.S. looking for love online are being tricked by young men trained to scam them. CBS News foreign correspondent Debora Patta followed the money all the way to Ghana.
New York City Mayor Eric Adams is facing decades in prison if convicted on federal charges unsealed Thursday. Adams denies any wrongdoing. CBS News crime and public safety senior coordinating producer Anna Schecter reports.
The Soyuz landing in Kazakhstan sets the stage for launch of a SpaceX Crew Dragon flight to the space station Thursday.
For the next two months, Earth will have a "mini-moon" when a small asteroid temporarily orbits the planet. Scientists say the asteroid, which is only 33 feet long, will enter Earth's gravity in a horseshoe orbit September 29 before leaving on November 25. Most people won't get a glimpse of this mini-moon though, it's too small to see without professional equipment.
The asteroid was discovered in August and is set to become a mini-moon, spinning around Earth in a horseshoe shape for about two months.
NASA's "Hidden Figures," whose work helped put men on the moon, were honored Wednesday in a Congressional Gold Medal ceremony.
The September Harvest Moon will see a partial lunar eclipse, peaking the night of Tuesday, Sept. 17.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
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.
A teenager's murder in Lowell, Massachusetts, goes unsolved for more than 40 years -- were the clues there all along?
Hurricane Helene, now a tropical storm, marks the third time in just over a year that a tropical system has hit Florida's Northeastern Gulf Coast. The storm, which made landfall as a Category 4 hurricane, has been blamed for three deaths so far as it moves over Georgia.
Lebanon's Ministry of Health says more than 700 people have been killed over the past week of intense Israeli strikes as Israel and Hezbollah continue to trade fire. Israeli Prime Minister Benjamin Netanyahu has so far rejected a U.S.-backed cease-fire proposal.
On Friday, Vice President Kamala Harris will be in Arizona to visit the U.S.-Mexico border. She plans to criticize former President Donald Trump for his role in blocking a bipartisan border security and immigration bill earlier this year. Meanwhile Trump will be in New York, meeting with Ukraine's President Volodymyr Zelenskyy before heading to Michigan.
New York City Mayor Eric Adams will be arraigned in court Friday on federal corruption charges. The Democrat is accused of taking illegal campaign contributions and bribes from officials in Turkey in exchange for favors dating back a decade.
Hurricane Helene brought maximum sustained winds up to 140 mph and catastrophic storm surges up to 20 feet along Florida's Big Bend region as it made landfall Thursday as a Category 4 storm. At least three people have been killed.