Pending home sales surge a record 44.3% in May: Could it be a sign of economic recovery?
The nation’s pending home sales jumped a record 44.3% in May, according to the National Association of Realtors. It’s the highest one-month gain in the history of the index, which began in January 2001. CBS News business analyst Jill Schlesinger joins “CBS This Morning” to explain how the pandemic is impacting the housing market and why home prices remain high despite record-low mortgage rates.