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"Mornings Memory": Buying a home in 2024 echoes the challenges of 1979

In today's tough housing market, homebuyers face high mortgage rates — but it's not the first time. A CBS News report from 1979 shows a young family in Chicago struggling with even steeper rates of 11%. Here's a look back at how history is repeating itself. Each weekday morning, "CBS Mornings" co-hosts Gayle King, Tony Dokoupil and Nate Burleson bring you the latest breaking news, smart conversation and in-depth feature reporting. "CBS Mornings" airs weekdays at 7 a.m. on CBS and stream it at 8 a.m. ET on the CBS News app. Subscribe to "CBS Mornings" on YouTube:    / cbsmornings   Watch CBS News 24/7: https://cbsnews.com/live/ Download the CBS News app: https://cbsnews.com/mobile/ Follow "CBS Mornings" on Instagram:   / cbsmornings   Like "CBS Mornings" on Facebook:   / cbsmornings   Follow "CBS Mornings" on X:   / cbsmornings   Subscribe to our newsletter: https://cbsnews.com/newsletters/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-0... For video licensing inquiries, contact: [email protected]