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Blog Archives: August 2013

The Rilliet Report August 2013

August 20, 2013
Sheldon Rilliet
THE BUZZ Hi [[autoname]], Existing home prices are being driven up by pent-up demand and favorable affordability conditions. For the seventh straight month, the median price has shown double-digit, year-over-year increases according to the National Association of RealtorsĀ®. While we are seeing fewer offers than earlier this year, multiple offers on competitively priced homes are still very common. It is important to note, however, that mortgage rates are rising. According to Freddie Mac, 30-year conventional fixed-rate mortgage rose ...

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