Â
Sponsored by
NATIONAL NEWS
US home sales rose to 5-year high in 2012
Posted: Jan 22, 2013 9:09 AM by Associated Press
WASHINGTON (AP) - U.S. sales of previously occupied homes rose in 2012 to their highest level in five years, spurred higher by record-low mortgage rates and steady hiring.
The National Association of Realtors says sales reached 4.65 million last year. That's up 9.2 percent from 2011 and most since 2007. Sales are still below the roughly 5.5 million that are consistent with a healthy market.
Sales dipped in December to a pace of 4.94 million, down from 4.99 million in November. November's figure was revised lower, but was still the highest in three years.
The supply of available homes is shrinking as sales rise. That's pushing up prices. The inventory of homes for sale dropped to 1.82 million in December, the lowest in 12 years.
PLEASE HELP US MODERATE COMMENTS
Offensive or inappropriate comments are subject to removal. To report a comment, please e-mail us at feedback@ksby.com, and include the name of the story and information on the comment.
Thank you! KSBY.com
KSBY.com is social!
KSBY.COM VIDEOS
-
Military widow finds another woman's name engraved on her husband's tombstone
Views: 265 June 18, 2013 -
Mother taken into custody after driving under the influence with her son in the car
Views: 43 June 18, 2013 -
Middle schoolers get opportunity to play paintball with local law enforcement
Views: 12 June 16, 2013
Comments