WASHINGTON — U.S. sales of previously owned homes dipped in December from November, in part because of a limited supply of available homes. But for all of 2012, sales rose to their highest level in five years.
The National Association of Realtors said Tuesday that sales dipped in December to an annual rate of 4.94 million. That’s down from a rate of 4.99 million in November.
Last year ended as the best for home sales since 2007. Total sales reached 4.65 million, up 9.2 percent from 2011.
Read tomorrow's Arkansas Democrat-Gazette for full details.