1.  Housing Stopped Being a Headwind to the National Economy...despite other negative economic news...a change of pace over the last 6 years.

2.  The Fed Remained Committed to Historically Low Mortgage Rates...30-year mortgage rates dropped in 2012 from 3.95% to below 3.4% by year’s end.

3.  Demand Remained Strong throughout the Year...buyers sensed it was time to jump off the fence..home sales were up 14.5% from 2011.

4.  Inventory Began Shrinking...as much as 22% less than 2011.

5.  Prices First Stabilized and then Increased...home values were up 10.1% which is very healthy indeed!