First-time homebuyers are an endangered species in the U.S.
CBSN
The dream of homeownership is fading for millions of Americans.
Figures from the National Association of Realtors (NAR) show that only 24% of housing sales last year were by first-time homebuyers — that's down from 50% in 2010. The typical purchaser is also older than in the past, with an average age of 38, or about 10 years above historical norms.
Such trends reflect the challenges of climbing on the property ladder as home prices hover near record highs, inventory remains low and with mortgage rates at their highest level in years.
President Trump on Friday lost his latest effort to get a retrial in the case in which a jury found him liable for sexual abuse and defamation of the writer E. Jean Carroll.
Washington — A federal judge in Massachusetts blocked President Trump's administration from implementing portions of his executive order that imposed new requirements involving proof of citizenship to register to vote in U.S. elections.
A 15-year-old girl in Arkansas died Wednesday after a pack of dogs she was caring for attacked her, authorities said.
Tesla on Friday announced it's launching new versions of its Model S and Model X vehicles in the U.S., with new price tags to match.
Washington — President Trump on Friday urged Iran to "make a deal, before there is nothing left" after Israel launched preemptive strikes on Iranian nuclear facilities, senior military leaders and research scientists, the opening attacks in what Israeli officials said is part of a major operation against Iran.
The two people killed in a shooting over the weekend on the Las Vegas Strip captured it on video while livestreaming to their shared YouTube channel, according to a police report.
Stock markets around the world slumped and oil prices surged after Israel on Thursday launched a military strike on Iran.
Kilmar Abrego Garcia, the Salvadoran man who was wrongly deported and then returned to the United States to face federal prosecution, will appear in a Nashville courtroom Friday for his arraignment after he was charged with participating in a yearslong conspiracy to traffic undocumented migrants into the country.
Miami — Josefina Muralles works a part-time overnight shift as a receptionist at a Miami Beach condominium so that during the day she can care for her three kids, her aging mother, and her brother, who is paralyzed.
The average age of moms giving birth in the U.S. continues to rise, hitting nearly 30 years old in 2023, according to a new report from the Centers for Disease Control and Prevention.
As the U.S. grapples with an affordability crisis, "CBS Evening News" spoke to Americans who are struggling to make ends meet.
Israel's military conducted a strike on Iran early Friday morning local time, two U.S. sources told CBS News. Details about the extent of the operation are not yet known.
A Harvard scientist who spent months in custody on a federal smuggling charge was released Thursday after a bail hearing in Boston.