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Blog Archives: February 2016

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 ...

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