U.S. home prices could fall as much as 20% next year
Economists expect home prices to slide sharply in 2023 as soaring mortgage rates chase away buyers.
Khristopher J. Brooks writes about business, economic and financial topics for CBS News and CBS MoneyWatch. His reporting primarily focuses on the U.S. housing market, the business of sports and bankruptcy. Brooks' journalism career started in 2006 as a business and education reporter for the Bristol (Va.) Herald Courier. Before coming to CBS MoneyWatch, Brooks covered startups and entrepreneurship for the Rochester Democrat & Chronicle and local government for Newsday. He holds a bachelor's degree in journalism from Central Michigan University and a master's degree in literary reportage from New York University.
Economists expect home prices to slide sharply in 2023 as soaring mortgage rates chase away buyers.
Many economists doubt the Federal Reserve can curb inflation without triggering a recession.
First-class rows will be removed due to tepid demand as the company focuses on selling more business-class seats.
Suit alleges the Illinois food company is misrepresenting where some of its products are made.
Ride-sharing company is testing a feature that lets users of its app book a parking spot, like a hotel reservation.
Roughly 16% of U.S. adults who take insulin say they didn't take the prescribed dose last year, a new report shows.
Class-action lawsuit claimed the carrier for years wrongfully charged passengers for baggage fees.
College football fans celebrating a rare victory over the University of Alabama threw goalposts in the river.
Sunbelt cities that experienced skyrocketing rents during the pandemic are among the cities where landlords are cutting prices.
About $718 million in digital assets were taken in October alone, according to blockchain analytics firm Chainalysis.
Suit filed by former instructor with the fitness company claims a top executive used ethnically offensive remarks.
MLB executive says deal will make CBD a bigger part of the "health and wellness regimen of our players and fans."
Hall of Fame quarterback said he didn't know he was getting money intended for needy families in the state.
A very popular chicken sandwich restaurant has an average wait of 5 1/2 minutes, according to an industry report.
Cities in America's Sunbelt are seeing some of the sharpest decreases in residential real estate prices.