Support the news

Housing Market Is Picking Up06:18
Download

Play
A 'For Sale' sign sits in the front yard of a townhouse June 23, 2015 in Northeast Washington, D.C. Purchases of new homes in the U.S. rose in May to the highest level in seven years, signaling that the industry may be gaining momentum heading toward the second half of the year. (Drew Angerer/Getty Images)
A 'For Sale' sign sits in the front yard of a townhouse June 23, 2015 in Northeast Washington, D.C. Purchases of new homes in the U.S. rose in May to the highest level in seven years, signaling that the industry may be gaining momentum heading toward the second half of the year. (Drew Angerer/Getty Images)
This article is more than 5 years old.

Sales of existing homes increased in May, according to the National Association of Realtors report, beating expectations and signaling that the housing market finally may be turning around after years of slow sales. Diane Swonk, chief economist with Mesirow Financial, looks at the numbers with Here & Now's Jeremy Hobson.

Guest

This segment aired on June 24, 2015.

Support the news

Support the news