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Back to To the Point

To the Point

Home Sales Hit Three-Year High

Sub-prime mortgages led the housing market into decline, one of the major factors in the Great Recession. Now the market is looking up, at least in some places. Home sales have reached their highest volume in three years, with 12 consecutive months of prices higher than the year before. It's the first time that's happened since 2006.

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By Warren Olney • May 12, 2014 • 1 min read

Sub-prime mortgages led the housing market into decline, one of the major factors in the Great Recession. Now the market is looking up, at least in some places. Home sales have reached their highest volume in three years, with 12 consecutive months of prices higher than the year before. It's the first time that's happened since 2006. We get an update from Walter Molony, spokesman for the National Association of Realtors, and Julie Schmit, who reports on housing for USA Today.

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Warren Olney

    former KCRW broadcaster

  • https://images.ctfassets.net/2658fe8gbo8o/AvYox6VuEgcxpd20Xo9d3/769bca4fbf97bf022190f4813812c1e2/new-default.jpg?h=250

    Anna Scott

    Former KCRW Housing and Homelessness Reporter

  • KCRW placeholder

    Christian Bordal

    Managing Producer, Greater LA

  • KCRW placeholder

    Kerry Cavanaugh

    editorial writer at the Los Angeles Times

  • KCRW placeholder

    Walter Molony

    National Association of Realtors

  • KCRW placeholder

    Julie Schmit

    USA Today

    NewsNationalPolitics
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