Home sales continued to increase during 2012. Nationwide sales were up 9.2% according to the National Association of Realtors (NAR).
The median price for December of 2012 was up 11.5% from December of 2011. For the year the median price was up 6.3%.
Realty Trac reported that foreclosures were up in half of the states in 2012 but mostly due to the backlog of foreclosures in the "robo-signing" investigation.
Bankrate.com reported that nationwide the average 30 year fixed rate was 3.6% and a 15 year fixed rate was 2.89%. Those rates vary from area to area and can vary in individual situations. Check with a local mortgage broker to see what rate that your situation warrants.