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Blog Archives: June 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 ...

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