US home sales rose to 5-year high in 2012 - 13 WTHR Indianapolis

US home sales rose to 5-year high in 2012

Posted: Updated:
  • HeadlinesHeadlinesMore>>

  • Eyewitness News wins 7 AP awards

    Eyewitness News wins 7 AP awards

    Sunday, April 20 2014 9:28 AM EDT2014-04-20 13:28:45 GMT
    WTHR Channel 13 Saturday was honored with seven first place awards from the Indiana Associated Press, including Best Newscast and Best Continuing Coverage.More >>
    WTHR Channel 13 Saturday was honored with seven first place awards from the Indiana Associated Press, including Best Newscast and Best Continuing Coverage.More >>
  • 70s return, cooler mid week

    70s return, cooler mid week

    Sunday, April 20 2014 9:26 AM EDT2014-04-20 13:26:29 GMT
    A glorious Easter Sunday is in store with abundant sunshine and temperatures climbing into the mid 70s. The wind will begin to shift out of the south today, allowing temperatures to rise ten degrees above normal.More >>
    A glorious Easter Sunday is in store with abundant sunshine and temperatures climbing into the mid 70s. The wind will begin to shift out of the south today, allowing temperatures to rise ten degrees above normal.More >>
  • Eleven fight for 1:1 draw in front of sellout crowd

    Eleven fight for 1:1 draw in front of sellout crowd

    Sunday, April 20 2014 8:47 AM EDT2014-04-20 12:47:08 GMT
    It was a night of repeats for Indy Eleven as the North American Soccer League expansion side attracted its second consecutive sellout crowd at IUPUI’s Michael A. Carroll Stadium in addition to its second 1-1 draw, this time against the Tampa Bay Rowdies.More >>
    It was a night of repeats for Indy Eleven as the North American Soccer League expansion side attracted its second consecutive sellout crowd at IUPUI’s Michael A. Carroll Stadium in addition to its second 1-1 draw, this time against the Tampa Bay Rowdies.More >>

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.

(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

Powered by WorldNow