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U.S. Home Sales Up Despite Rising Prices, Mortgage Rates

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This Jan. 26, 2016 file photo shows a "For Sale" sign hanging in front of an existing home in Atlanta.(John Bazemore, File/AP)
This Jan. 26, 2016 file photo shows a "For Sale" sign hanging in front of an existing home in Atlanta.(John Bazemore, File/AP)

U.S. home sales hit a 10-year high in January, and housing prices saw their 59th consecutive month of year-on-year gains, according to the National Association of Realtors.

Here & Now's Jeremy Hobson talks with Svenja Gudell (@SvenjaGudell), chief economist at the online real estate database Zillow, about the real estate market nationwide.

This segment aired on February 28, 2017.

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