Growing number of U.S. suburbs now dominated by renters
CBSN
Many Americans suburbs, once an emblem of the dream of homeownership, are increasingly a place where people send a check to the landlord.
Renters now make up the majority of residents in more than 100 suburbs around the U.S., according to a new analysis of Census Bureau data from Rent Cafe. Another 57 suburbs are on their way to becoming predominately renter territory over the next five years, the apartment search website also found.
The trend is visible across the country. Beverly Hills, the ritzy area outside of Los Angeles, California, that's home to many Hollywood celebrities, flipped from majority owners to mostly renters over the past decade. Suburbs around Miami, Florida, and Washington, D.C., have followed a similar course.
House Republicans announced Monday that Congress will mount an investigation into "rampant hospice fraud," alleging that potentially tens of millions in taxpayer funds may have been lost in improper payments to Southern California companies. In:
Polymarket is moving to quash insider trading as prediction markets face scrutiny over whether some users draw on classified or other closely held information to gain an edge in betting on events. Edited by Alain Sherter In:
Washington — Senate talks aimed at ending the 38-day shutdown of the Department of Homeland Security hit a new roadblock on Monday after President Trump called on Republicans to hold out for passage of an elections bill that Democrats strongly oppose. Nikole Killion contributed to this report.
Pope Leo XIV put the Rev. Edward Joseph Flanagan a step closer to possible sainthood Monday as he proclaimed the "heroic virtues" of the founder of Boys Town, a Nebraska home for at-risk youths that gained national renown and inspired an Oscar-winning biopic performance. In:
Washington — Amid Trump administration demands for Tehran to keep the free flow of commerce in the Strait of Hormuz, U.S. officials have told CBS News that there are at least a dozen underwater mines through the vital passageway, according to current American intelligence assessments. Arden Farhi, Kathryn Watson, Caroline Linton, Aimee Picchi and Layla Ferris contributed to this report.
Elon Musk, famously a man with big ideas, is building a semiconductor plant vast enough to power those ambitions. Edited by Alain Sherter In:
The Justice Department has quietly gutted a more than 60-year-old program created to ensure that low-income and indigent immigrants can receive competent and affordable legal representation, multiple sources with direct knowledge of the matter tell CBS News. In:
Kyiv — The White House wants Congress to provide at least $200 billion more in funding for the war in Iran, and President Trump says that's partly due to aid for Ukraine having depleted U.S. weapons stockpiles as it fends off Russia's ongoing full-scale invasion. In:
A statue of Christopher Columbus has been placed on the grounds of the Eisenhower Executive Office Building adjacent to the White House — the latest effort by the Trump administration to honor the explorer whose legacy has drawn increasing criticism in recent years. In:
OnlyFans owner Leonid Radvinsky, a reclusive billionaire who transformed a little-known adult-content site into a cultural touchstone, has died of cancer, the company said Monday. Radvinsky was 43. Edited by Alain Sherter
Washington — President Trump said early Monday that he is postponing airstrikes on Iran's power plants after "very good and productive conversations" over the last two days about reopening the Strait of Hormuz. However, Iran's foreign ministry denied any such talks. Claire Day contributed to this report. In:
Immigration and Customs Enforcement agents began deploying to some U.S. airports on Monday as a partial government shutdown causes shortages of Transportation Security Administration officers who have resigned or called out of work. Skyler Henry contributed to this report. In:
London — Police in London are investigating a suspected antisemitic hate crime after vehicles belonging to a Jewish ambulance service were set on fire early Monday morning. In: