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Blog Archives: May 2016

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 ...

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