Increasing cost of housing squeezes Americans out of market

Sales of existing homes in the U.S. fell last month to their lowest level in more than 16 years. That's according to a new report by the National Association of Realtors. In October alone, sales dropped to 3.75 million homes, an 8.8% drop compared with the same time last year. Stephanie Sy reports on what's driving the decline.

Sales of existing homes in the U.S. fell last month to their lowest level in more than 16 years. That's according to a new report by the National Association of Realtors. In October alone, sales dropped to 3.75 million homes, an 8.8% drop compared with the same time last year. Stephanie Sy reports on what's driving the decline.