Spring housing season has begun but many buyers feel frustrated by the lack of available homes and higher prices. I joined CBS This Morning to explain what homeowners and potential buyers can expect.

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. I joined CBS This Morning to explain how the pandemic is impacting the housing market and why home prices remain high despite record low mortgage rates.