Housing Market Is Picking Up

06:18

June 24, 2015

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)

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

Diane Swonk, chief economist with Mesirow Financial. She tweets @DianeSwonk.

This segment aired on June 24, 2015.