December 2012 home sales ended the best year for the U.S. real estate market since 2007. Up 9% from 2011, the perfect storm of record-low mortgage rates, low inventory and increased employment have the folks at the National Association of Realtors predicting record-breaking sales through 2013 and beyond.

So does this mean that L.A. home prices have hit bottom? Yup, I think so–so much so that we’re buying a new house this year.

Interested in buying at the bottom? Let me know.