CBS News
CBS News 30 Jun 2020

Pending home sales surge a record 44.3% in May: Could it be a sign of economic recovery?

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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.


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.
Gun sales surge amid the pandemic and the recent nationwide protests against police violence. The increase in demand has created a major strain in processing Firearm Owner Identification Cards.
First it was bikes, now it's pools - Americans can't seem to get enough of the things that help them spend time outside. With summer camps, beaches, and community pools closed, there's a run on backyard pools. Steven Metz, who owns Central Jersey Pools, says sales have tripled this season and for the first time ever in his 63 years of business, he's completely sold out. We spoke to a New Jersey mom of four who is lucky enough to have an in-ground pool, since her kids' summer camp is closed.
Americans eager to hit the road during the pandemic are fueling a boom in RV sales and travel. Sales of recreational vehicles are surging, along with bookings at RV campgrounds, as vacationers seek ways to travel safely and explore nature. (June 15)

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