Thinking about building? You’re not alone!

According to a recent U.S. Census Bureau report, new home sales hit a 2 year high in November making the highest rate of new-home sales since April 2010, when sales were inflated by a temporary $8,000 tax credit for home buyers.

New home sales are on the rise

New home sales are on the rise

This is good news for the housing market, which is starting to show signs of recovery. A combination of near record low mortgage rates, lower unemployment and a drop in foreclosures means there are more buyers interested in purchasing, and fewer available homes. That in turn has lifted home prices.

Wondering what’s in store for the housing market in 2013? Check out CNN’s 5 predictions for housing in 2013.

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