Is it a better time to rent or buy a home?
CBSN
The median cost of renting a home around the U.S. has hit record highs for 16 straight months, with a typical apartment in June now going for $1,876, according to Realtor.com. So should that spur renters to take the plunge into buying their own pad?
Not necessarily. On average, first-time homebuyers could expect their monthly payments to top $2,400, according to the real estate listings firm. Renting is cheaper than buying in three-quarters of the country's 50 largest metro areas, Realtor.com found.
The culprit? Rising mortgage rates, which "are increasingly tipping the housing affordability scale in favor of renting over first-time buying," according to the research company.
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said. In:
The Senate on Saturday blocked an amendment that would ban transgender athletes from playing in women's sports, rejecting one of President Trump's priorities as he pressures Congress to act on a broad voting bill.
Robert Mueller, a former FBI director who led the investigation into allegations of Russian meddling in the 2016 election, has died, multiple sources told CBS News on Saturday. He was 81. In:
Kendra Duggar was arrested for misdemeanor charges including endangering the welfare of a child and false imprisonment, according to online records. The charges come a day after her husband Joseph Duggar was charged with molestation. In:
At ski resorts across the West this winter, viral images showed chairlifts idling over brown terrain in places normally renowned for their frosty appeal. Iconic mountain towns like Aspen, Colorado, and Park City, Utah, were seen with shockingly bare slopes, as the region endured a historic snow drought that experts warn could bring water shortages and wildfires in the months ahead. In:
The NCAA accused online sportsbook DraftKings of trademark infringement associated with the association's men's and women's basketball tournaments and filed a complaint in federal court seeking an emergency restraining order. In:
Airport delays continue to worsen as a bill to fund the Department of Homeland Security failed to advance in the Senate Friday. In:
Five people who were charged in connection to the Feeding Our Future scheme pleaded guilty to wire fraud this week. In:
Actor Nicholas Brendon, best known for his role as Xander Harris in the popular television series "Buffy the Vampire Slayer," has died, according to his family. He was 54. In:
Washington — The Trump administration has been strategizing methods and options to secure or extract Iran's nuclear materials, according to multiple people briefed on the discussions, as a U.S.-Israel-led military campaign against Tehran enters a more uncertain phase. In:
Colombian President Gustavo Petro is the subject of several ongoing narcotics trafficking investigations being overseen by federal prosecutors in New York, sources told CBS News on Friday. Lilia Luciano, Joe Walsh and Margaret Brennan contributed to this report.
The U.S. Treasury has authorized the purchase of Iranian oil that's already at sea, exempting buyers from the tight sanctions that have restricted the country's oil industry for years — a move aimed at stemming soaring prices amid the U.S.'s war with Iran. In:
A federal judge has struck down some of the Defense Department's strict controls on how journalists with access to the Pentagon are allowed to report — ending a policy that caused many news outlets to leave the Pentagon. In: