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Blog Archives: March 2012

The Rilliet Report March

March 29, 2012
Sheldon Rilliet
Spring historically marks a time when real estate activity increases, and this year’s numbers are already positive! The National Association of Realtor’s (NAR) Pending Home Sales Index rose 8% over January of 2011 and 2% over December. The index is based on signed real estate contracts for existing single-family homes, condos and co-ops. NAR’s Chief Economist, Lawrence Yun, says this is a hopeful indicator going into the spring home-buying season. “Job gains, high affordability, and rising rents are pushing the market into what ...

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