{"id":12544,"date":"2017-11-27T15:49:53","date_gmt":"2017-11-27T15:49:53","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=12544"},"modified":"2017-11-27T15:49:54","modified_gmt":"2017-11-27T15:49:54","slug":"plenty-thankful-real-estate","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/plenty-thankful-real-estate\/","title":{"rendered":"Plenty to Be Thankful for in Real Estate"},"content":{"rendered":"

Plenty to Be Thankful for in Real Estate<\/h1>\n
\"Plenty<\/a>

Plenty to Be Thankful for in Real Estate<\/p><\/div>\n

The housing market may be facing some headwinds with ongoing inventory shortages and the looming threat of tax reform<\/a> from lawmakers, but don\u2019t let these stories spoil your outlook completely. There are several factors sparking more optimism in real estate lately. Here are a few housing indicators you can be thankful for this season:<\/p>\n

More: 10 Reasons Why Real Estate Is the Best<\/a><\/p><\/blockquote>\n

1. New-home sales neared a postrecession high in October.<\/strong><\/p>\n

Some inventory relief may be coming to the housing sector. Housing starts<\/a>\u2014which reflect combined totals within the single-family home and multifamily sectors\u2014rose 13.7 percent in October to a seasonally adjusted annual rate of 1.29 million, the Commerce Department reports. This marks the highest reading for new-home production since October 2016 when total starts reached a postrecession high of 1.33 million. Broken out, single-family housing increased 5.3 percent last month, reaching a seasonally adjusted annual rate of 877,000. Single-family starts are now up 8.4 percent from a year ago.<\/p>\n

2. Existing-home sales posted strongest pace since earlier this summer.<\/strong><\/p>\n

Inventories may be low, but that isn\u2019t keeping sales down. Total existing-home sales<\/a>\u2014which include single-family homes, townhomes, condos and co-ops\u2014rose 2 percent in October to a seasonally adjusted annual rate of 5.48 million, the National Association of REALTORS\u00ae reported Tuesday. Sales are now at their strongest pace since June. \u201cJob growth in most of the country continues to carry on at a robust level and is starting to slowly push up wages, which is in turn giving households added assurance that now is a good time to buy a home,\u201d says Lawrence Yun, NAR\u2019s chief economist.<\/p>\n

Check out the latest report on rates from last Friday<\/a>.<\/p><\/blockquote>\n

3. Mortgage rates are still under 4 percent.<\/strong><\/p>\n

Home shoppers are still locking in mortgage rates that are low by historical standards. The 30-year fixed-rate mortgage averaged 3.90 percent in October, according to Freddie Mac.<\/p>\n

4. Homes are selling fast.<\/strong><\/p>\n

Forty-seven percent of homes sold in October were on the market for less than a month, according to NAR\u2019s latest housing report. On average, properties stayed on the market for 34 days in October, which is down from 41 days a year ago.<\/p>\n

5. There are more equity-rich homeowners.<\/strong><\/p>\n

As more homeowners see the savings being built up in their homes, they may be enticed to cash in. The share of equity-rich properties rose to a new high<\/a> in the third quarter, according to ATTOM Data Solutions\u2019 Q3 2017 U.S. Home Equity & Underwater Report. Twenty-six percent of homeowners with a mortgage\u2014or more than 14 million\u2014are now considered equity rich. ATTOM Data Solutions defines \u201cequity rich\u201d as when the combined loan amount secured by the property was 50 percent or less of the estimated market value of the property.<\/p>\n

\u2014REALTOR\u00ae Magazine<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Plenty to Be Thankful for in Real Estate The housing market may be facing some headwinds with ongoing inventory shortages and the looming threat of tax reform from lawmakers, but don\u2019t let these stories spoil your outlook completely. There are several factors sparking more optimism in real estate lately. Here are a few housing indicators … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-12544","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nPlenty to Be Thankful for in Real Estate - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/plenty-thankful-real-estate\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/plenty-thankful-real-estate\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/plenty-thankful-real-estate\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Plenty to Be Thankful for in Real Estate\",\"datePublished\":\"2017-11-27T15:49:53+00:00\",\"dateModified\":\"2017-11-27T15:49:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/plenty-thankful-real-estate\\\/\"},\"wordCount\":477,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/plenty-thankful-real-estate\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2017\\\/11\\\/11272017.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/plenty-thankful-real-estate\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/plenty-thankful-real-estate\\\/\",\"name\":\"Plenty to Be Thankful for in Real Estate - 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