How one first-time homebuyer spent three years searching for a house
The real estate market is especially tough for first-time homebuyers like Shruti Chauhan, who has been hunting for years.
The real estate market is especially tough for first-time homebuyers like Shruti Chauhan, who has been hunting for years.
Americans are increasingly unable to afford starter homes in many cities across the U.S. Among the problems, there's a shortage of about 5 million homes for sale or rent, and that's driving up prices. Mark Strassmann reports on the crisis and what's being done to try to fix it.
A CBS News poll found that some Americans are not confident they will ever reach the American Dream. CBS News correspondent Nancy Chen breaks down why.
Businessman Leo Kryss alleges he wouldn't have shaved $6 million from his mansion's sale price if he had known Bezos was buyer.
The Average rate for 30-year fixed mortgage now stands at 6.44%, the lowest in 16 months, according to the Mortgage Bankers Association.
The Justice Department has filed an antitrust lawsuit against RealPage, a property management software provider, alleging it enabled collusion among landlords to inflate rents for millions of Americans. Jo Ling Kent has details.
The Justice Department filed an antitrust lawsuit against real estate software company RealPage Friday with federal regulators accusing the company of colluding with landlords to raise the rents on millions of Americans. CBS News senior business and technology correspondent Jo Ling Kent has more.
The real estate market in the U.S. may see some movement when the Federal Reserve Board makes a decision on potentially cutting interest rates in September. CBS News contributor J.D. Durkin has more.
The way that real estate agents across the nation get paid has dramatically changed. Home sellers no longer have to offer compensation to the buyer's agent, while commissions could add thousands of dollars for homebuyers hoping to find something affordable. Elise Preston has details.
New rules that will impact real estate agents, homebuyers and sellers will take effect this weekend as part of a groundbreaking antitrust settlement earlier this year. Under the new rules, it will now be standard practice to negotiate commissions with agents. Jo Ling Kent examines the changes.
New rules go into effect this weekend that will change the way homes are bought and sold across country. CBS News senior business and technology correspondent Jo Ling Kent tells us what this means for potential home buyers.
Many million-dollar properties are no longer considered luxury homes, with almost 1 in 10 U.S. houses costing at least that.
Starting Aug. 17, new regulations will change how real estate commissions are handled, potentially lowering costs for homebuyers and sellers. Under the new rules, buyers and sellers will have the opportunity to negotiate commissions directly with their agents, a shift that could impact everyone involved in the real estate market.
Mortgage rates are finally starting to come down, which is giving some homeowners a bit of relief. But many looking to buy could still face unaffordable prices and a tight market. Elise Preston has more.
Many so-called zombie mortgages date back to the 2008 financial crisis, and consumer advocates warn a new wave of zombies could be on the horizon — this time, from all the home equity credit lines taken out during the pandemic.
Zombie debt refers to long-forgotten or old debts that resurface, often with accumulated interest and fees, threatening the financial stability of unsuspecting homeowners and sometimes leading to foreclosures. CBS News national consumer correspondent Ash-har Quraishi reports.
Teresa modified her home mortgage back in 2009 during the financial crisis, and thought she was making payments on her second mortgage every month. She's discovered she's overdue on thousands of payments for this "zombie debt," and fears losing her home.
Jose Arzate of Santa Maria, California, says he was taken by surprise when sheriff's deputies evicted him. He says he never knew he owed tens of thousands of dollars in "zombie mortgage" debt.
Laverne Simmons of Inglewood, California, says she never got bills for a decade-old debt. Now this "zombie mortgage" could cost her the home she loves.
The Biden administration wants a new law that would cap annual rent increases at no more than 5% — or landlords would lose a major tax break.
Since March 2023, Maricopa County, Arizona, has led the nation in eviction filings, with one Phoenix judge hearing as many as 500 eviction cases a month. It's part of an affordable housing crisis attributed to rising rents. Kris Van Cleave explains.
Teton County's $108,000 median income is still not enough to afford the $7 million average cost for a home in Jackson Hole.
Squatters' rights were designed to make sure vacant property didn't go to waste, but many property owners say the laws are hurting them and preventing them from clearing out their own land. Carter Evans takes a look at what's being done about the issue.
As home prices nationwide continue to climb, the federal government is looking into a recent spike in upfront costs associated with buying a house.
Home sales appear to have fallen in April, according to new data from the National Association of Realtors. CBS News business analyst Jill Schlesinger breaks down the current trends in the real estate market.
Acting Secret Service Director Ronald Rowe detailed the findings of an internal review of the July 13 assassination attempt against former President Donald Trump.
Kentucky Sheriff Shawn M. Stines has been charged with murder in the first degree in the fatal shooting of District Judge Kevin Mullins.
The White House earlier warned both Israel and the Iran-backed Hezbollah group against "escalation of any kind" following pager and walkie-talkie explosions targeting Hezbollah members.
Cristiana Bársony-Arcidiacono has not appeared publicly since the deadly attack that targeted Iran-backed Hezbollah and that has been widely blamed on Israel.
Even a short strike at East and Gulf Coast ports could disrupt U.S. supply chains until 2025, according to one expert.
House Speaker Mike Johnson is looking for a path forward to keep the government open after the of the month.
The state that handed Trump one of his narrowest losses four years ago is immersed in election controversies months before Election Day.
Dozens of former football players and coaches, including some NFL Hall of Famers, endorse Kamala Harris and Tim Walz on National Black Voter Day.
AstraZeneca says the spray could be available "as soon as next flu season."
South Carolina put inmate Freddie Owens to death Friday as the state restarted executions after an unintended 13-year pause.
Even a short strike at East and Gulf Coast ports could disrupt U.S. supply chains until 2025, according to one expert.
Early sales of the new phones were down 13% compared with last year's launch of iPhone 15. Analysts say it's because iPhone 16 lacks AI.
When Francis Apraku saw the Jeep Wrangler in the school parking lot, he said the gesture brought him to his knees.
Lewis Lent was convicted for murdering two children decades ago, including 12-year-old Sara Anne Wood. Investigators still don't know where he buried her. Here's a timeline.
Even a short strike at East and Gulf Coast ports could disrupt U.S. supply chains until 2025, according to one expert.
Early sales of the new phones were down 13% compared with last year's launch of iPhone 15. Analysts say it's because iPhone 16 lacks AI.
Former President Donald Trump has unveiled a flurry of proposed tax cuts aimed at seniors, homeowners, tipped workers and more.
Waffle House accused of using tip credit to avoid federal minimum wage, allegedly paying workers $3 an hour to cook and clean.
Regulators say the nation's largest pharmacy benefit managers are partly to blame for the soaring cost of insulin in the U.S.
Travis King fled into North Korea in July 2023 while taking part in a guided tour of the Korean Demilitarized Zone.
Harris' Atlanta trip follows ProPublica's investigation into the deaths of two Georgia women, which it tied to the state's six-week abortion ban.
Former President Donald Trump has unveiled a flurry of proposed tax cuts aimed at seniors, homeowners, tipped workers and more.
House Speaker Mike Johnson is looking for a path forward to keep the government open after the of the month.
The state that handed Trump one of his narrowest losses four years ago is immersed in election controversies months before Election Day.
AstraZeneca says the spray could be available "as soon as next flu season."
Regulators say the nation's largest pharmacy benefit managers are partly to blame for the soaring cost of insulin in the U.S.
Are you a back, side or stomach sleeper? Here's what a sleep expert says about the pros and cons of each.
Many of the pertussis infections have been reported in older children and adults.
Kokiak Cakes recalls boxes of Power Waffles Buttermilk & Vanilla 40-count with use-by dates of Jan. 10, 2026.
Travis King fled into North Korea in July 2023 while taking part in a guided tour of the Korean Demilitarized Zone.
P.J Féret, who conducted a dig at France's Cité de Limes site in January 1825, wrote the message, archaeologists say.
Scientists from the International Thwaites Glacier Collaboration warn of a "grim outlook" for the Thwaites Glacier, also known as the "Doomsday Glacier."
Cristiana Bársony-Arcidiacono has not appeared publicly since the deadly attack that targeted Iran-backed Hezbollah and that has been widely blamed on Israel.
The late former owner of London's luxury department store Harrods has been accused of sexually assaulting dozens of women, including several Americans.
Chris Hemsworth reveals that his children played a key role in his decision to voice Young Optimus Prime in "Transformers One."
The highly anticipated "Transformers One" movie tells the story of how Optimus Prime and Megatron went from allies to enemies. Natalie Morales sits down with Chris Hemsworth, who voices a young Optimus Prime, to discuss his role alongside a star-studded cast that includes Scarlett Johansson and Keegan-Michael Key.
Scarlett Johansson compares the physical demands of voicing Elita-1 in Transformers One to her decade-long work as Black Widow in "The Avengers."
MrBeast's production company, along with Amazon Studios, is facing a lawsuit involving contestants from the reality show "Beast Games."
United said demand for its flights surges wherever Taylor Swift jets off to for her next concert.
Early sales of the new phones were down 13% compared with last year's launch of iPhone 15. Analysts say it's because iPhone 16 lacks AI.
Apple is out with the new iPhone 16 with the new model hitting shelves in nearly 60 countries Friday. CNET senior editor Lisa Eadicicco joined CBS News to discuss the new product.
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.
The FTC ordered nine companies to provide information on their data collection practices. According to the report, through targeted ads on and off these platforms, they gather information like marital status, annual income, health conditions and religious faith, but don't provide easy ways for users to opt out of data collection.
A United Nations advisory panel took input from 37 experts and released seven recommendations for global artificial intelligence usage. Ian Bremmer, who served on the advisory body in charge of the report, joins CBS News to discuss the concerns, standards and the "AI divide."
Scientists from the International Thwaites Glacier Collaboration warn of a "grim outlook" for the Thwaites Glacier, also known as the "Doomsday Glacier."
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.
The September Harvest Moon will see a partial lunar eclipse, peaking the night of Tuesday, Sept. 17.
The cost of insuring your home is going up, and some homes are "essentially uninsurable" due to rising climate change risks. In Nebraska, the most expensive state for premiums, the cost is nearly $3,400 above the national average to insure a home. And it's all happening as extreme weather events increase in frequency and intensity, jeopardizing people's homes and their ability to financially recover afterward.
A tsunami stemming from a landslide was behind a surprising seismic event last year that shook the earth for nine days, researchers said.
A Kentucky sheriff charged with fatally shooting a judge in his chambers Thursday was embroiled in a legal case before the deadly encounter. Letcher County Sheriff Shawn Stines gave a deposition this week in a lawsuit accusing him of failing to investigate sexual abuse allegations involving one of his deputies.
Lewis Lent was convicted for murdering two children decades ago, including 12-year-old Sara Anne Wood. Investigators still don't know where he buried her. Here's a timeline.
The sheriff who allegedly shot and killed a rural Kentucky judge was apparently involved in an argument with District Judge Kevin Mullins before the shooting. CBS News' Omar Villafranca has the latest confirmed information.
Jordan Jarrad Law was previously arrested for allegedly using his ex-girlfriend's bank cards without permission.
A man who spit on the sidewalk outside of his home in Boston is now charged with an unsolved 35-year-old murder.
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.
Four SpaceX astronauts safely splashed down in the Gulf of Mexico on Sunday. The Polaris Dawn crew completed the first-ever commercial spacewalk during their historic mission and tested a new type of spacesuit.
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?
North Carolina Lt. Gov. Mark Robinson is refusing to get out of the state's gubernatorial race amid a swirling controversy over his alleged comments on a porn site. A CNN investigation reports the Republican candidate used racist and incendiary language online more than a decade ago. CBS News congressional correspondent Nikole Killion has the latest on the fallout.
A custodian at a Virginia high school was brought to tears when students surprised him with an SUV. Steve Hartman goes "On the Road" to learn more about the heartwarming gesture.
Tensions are escalating in the Middle East after the Israeli military carried out a strike in Lebanon's capital Friday. The IDF claims the attack targeted a senior Hezbollah commander. BBC correspondent Daniel De Simone reports from Beirut.
Vice President Kamala Harris made stops in Georgia and Wisconsin Friday, delivering a reproductive rights message with male voters in mind. CBS News senior White House correspondent Weijia Jiang has the details.
Many Americans are voting with their wallets this year, which is unsurprising considering the U.S. economy consistently polls as a top concern. Vice President Kamala Harris and former President Donald Trump are offering vastly different proposals for solving the stubborn problem of inflation. Mark Strassmann has an in-depth look at the issue.