US Home Sales Rose To 5-Year High In 2012 - Spokane, North Idaho News & Weather KHQ.com

US Home Sales Rose To 5-Year High In 2012

Posted: Updated:

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.

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 This material may not be published, broadcast, rewritten or redistributed.)

  • Most Popular StoriesMost Popular StoriesMore>>

  • Dog found nearly dead with gunshot wounds still needs a home

    Dog found nearly dead with gunshot wounds still needs a home

    Friday, September 12 2014 8:21 PM EDT2014-09-13 00:21:26 GMT
    SPOKANE, Wash. - Many of you may remember Bella, the American Staffordshire Terrier that stole our hearts after she was found by a family camping in the woods near Coeur d'Alene beaten, starving and nearly dead from two gun shot wounds. >>
    SPOKANE, Wash. - Many of you may remember Bella, the American Staffordshire Terrier that stole our hearts after she was found by a family camping in the woods near Coeur d'Alene beaten, starving and nearly dead from two gun shot wounds. The family who found her, rushed her to the vet and somehow she survived. >>>ADOPT BELLA>>> >>
  • First date ends with man dead, woman hospitalized

    First date ends with man dead, woman hospitalized

    Tuesday, September 16 2014 9:44 AM EDT2014-09-16 13:44:21 GMT
    TACOMA, Wash. (AP) - Pierce County sheriff's detectives know this much: a first date ended with a Gig Harbor, Washington, man dead and his date hospitalized in critical condition.The News Tribune reports that investigators think the 47-year-old Port Orchard woman ran over her date, then crashed his truck 15 feet down an embankment.>>
    TACOMA, Wash. (AP) - Pierce County sheriff's detectives know this much: a first date ended with a Gig Harbor, Washington, man dead and his date hospitalized in critical condition.The News Tribune reports that investigators think the 47-year-old Port Orchard woman ran over her date, then crashed his truck 15 feet down an embankment.
    >>
  • WATCH: Rarely seen 9/11 Budweiser commercial that aired only once

    WATCH: Rarely seen 9/11 Budweiser commercial that aired only once

    Thursday, September 11 2014 8:52 PM EDT2014-09-12 00:52:54 GMT
    KHQ.COM - This Budweiser commercial was produced after the September 11th terrorist attacks. However, it hasn't been widely seen because Budweiser only aired it once so as not to benefit financially from it - they just wanted to acknowledge the tragic event.>>
    KHQ.COM - This Budweiser commercial was produced after the September 11th terrorist attacks. However, it hasn't been widely seen because Budweiser only aired it once so as not to benefit financially from it - they just wanted to acknowledge the tragic event.>>