Existing home sales hit 5 year high in 2012

Sales of existing homes hit a 5 year high in 2012 , according to NAR (National Association of Realtors).

• sales throughout the U.S. were up  by 12.8%
• median prices rose by 11.5%
• inventories fell by 8.5%
• a 4.4 month housing supply (lowest since 2005).