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Blog Archives: January 2016 — December 2016

The Rilliet Report June 2016

June 15, 2016
Sheldon Rilliet
THE BUZZ Hi Home prices are continuing to rise. According to Lawrence Yun, chief economist for the National Association of Realtors, contract signings hit a 10 year high in April. The first quarter of 2016 makes the best first quarter of existing-sales since 2007. Mortgage rates, which have remained below 4% in 16 of the past 17 months, help home sales. Yun reports that inflation remains at only about 1 percent which also keeps rates down. Yet rent growth and rising gas prices could edge up inflation and push rates higher. Yun ...

The Rilliet Report May 2016

May 27, 2016
Sheldon Rilliet
THE BUZZ Hi! May 2016 looks positive for property owners. Pending home sales rose in February to their highest level in seven months, according to the National Association of Realtors. Lawrence Yun, Chief Economist for the NAR, states, "the latest data is encouraging in that a decent number of buyers signed contracts lured by lower mortgage rates and a modest uptick in inventory. Looking ahead, the key for sustained momentum is a continuous stream of listings quickly replacing what is being scooped up by a growing pool of b ...

The Rilliet Report March 2016

April 12, 2016
Sheldon Rilliet
apr.com The Rilliet Report THE BUZZ Spring is here and the prime reason for buying or selling your home is upon us. Pending sales continue to rise and buyers are serious. Is it time for a change? According to Lawrence Yun, NAR chief economist, "After some volatility this winter, the latest data is encouraging in that buyers are attracted by mortgage rates dipping to their lowest levels in nearly a year. Looking ahead, the key for sustained momentum is a continuous stream of new listings quickly replacing what's being ...

The Rilliet Report February 2016

February 25, 2016
Sheldon Rilliet
The final stats are in for 2015. December's robust market was the largest monthly increase ever recorded with total existing home sales up 14.7% from the month of November. This brought total sales for 2015 up to 7.7% above the previous year. Lawrence Yun, the National Association of Realtors's chief economist, attributes the activity to a strong year in general and also to buyer's concerns that mortgage rates will increase in 2016. Yun also reports that "in addition to insufficient supply levels of inventory moving forward, sales will be ...

The Rilliet Report January 2016

January 13, 2016
Sheldon Rilliet
Happy New Year, Real estate for 2016 is expected to be a positive force for the overall economy. In 2015, the nationwide value of all homes grew by $1.1 trillion. The 2016 estimated total nationwide is $28.5 trillion. The value of the entire housing stock nationwide grew 4.1%. However, housing value nationwide isn't distributed equally. California is home too about 12% of the U.S. population but accounts for nearly 25% of the total home value. California's market is driven by the high value metropolitan areas of San Francisco and Los ...

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