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Home sales up

Home sales up

By Daniel Gutierrez. CREATED Jan 22, 2013

U.S. home sales rose to 5-year high in 2012. It's all thanks to 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 the most since 2007. But sales are still below the roughly 5.5 million that are consistent with a healthy market.