The State Of The U.S. Housing Market, And What It Reveals About The Economy09:52
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A for-sale sign stands in front of a property in Monterey Park, Calif., in 2017. (Frederic J. Brown/AFP/Getty Images)MoreCloseclosemore
A for-sale sign stands in front of a property in Monterey Park, Calif., in 2017. (Frederic J. Brown/AFP/Getty Images)

Sales of existing homes fell in June for the fourth consecutive month on a year-by-year basis. At the same time, the median price of existing homes sold reached an all-time high. Economists are watching the housing market closely, because it can be a good indicator of the overall U.S. economy.

Here & Now's Jeremy Hobson gets an overview from Aaron Terrazas (@AaronTerraz), a senior economist at Zillow.

This segment aired on July 26, 2018.

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