Pending Sales Post Small Gain in November

In this video, NAR Chief Economist Lawrence Yun talks about how current economic trends are affecting the housing market: improvements in the economy, increase in jobs, the stock market, consumer confidence, rising rents, and low mortgage rates. He also talks about the things that are impacting the housing market in a negative way: limited inventory, low levels of new home construction, and mortgage lock-in, and gives a forecast for 2015.