Two major economic indicators are released today: the numbers for new and existing home sales for November. Together, the numbers are expected to indicate the economy is worsening. Chip Case, the co-producer of the S&P/Case-Shiller Home Price Index, joins The Takeaway to talk about how the housing market is the backbone of the American economy and if there is a prospect for good news in real estate.
"If you look at things that really drive the market, it's prices and employment. You pay your money and you take your chances."
— Chip Case on November home sales