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Blog Archives: February 2013

The Rilliet Report February 2013

February 06, 2013
Sheldon Rilliet
THE BUZZ With inventory low during the past few months, we’ve seen a rise in prices in many areas as buyers are eager to get into the market before the spring buying season gets under way. Lawrence Yun, chief economist of the National Association of Realtors, says, “Momentum continues to build in the housing market. With lower rental vacancy rates and rising rents, combined with still historically favorable affordability conditions, more people are buying homes.” In 72% of the top 50 U.S. cities, declining values have made it cheaper ...

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