{"id":12561,"date":"2017-11-29T15:29:18","date_gmt":"2017-11-29T15:29:18","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=12561"},"modified":"2017-11-29T15:29:19","modified_gmt":"2017-11-29T15:29:19","slug":"fast-home-sells-today","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/fast-home-sells-today\/","title":{"rendered":"This Is How Fast a Home Sells Today"},"content":{"rendered":"<h1>This Is How Fast a Home Sells Today<\/h1>\n<div id=\"attachment_12562\" style=\"width: 600px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/2017\/11\/29\/fast-home-sells-today\/attachment\/11292017\/\" rel=\"attachment wp-att-12562\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-12562\" class=\"size-full wp-image-12562\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2017\/11\/11292017.jpg\" alt=\"This Is How Fast a Home Sells Today\" width=\"600\" height=\"400\" \/><\/a><p id=\"caption-attachment-12562\" class=\"wp-caption-text\">This Is How Fast a Home Sells Today<\/p><\/div>\n<p>Homes today spend a median time of three weeks on the market\u2014far shorter than the median of 11 weeks five years ago, according to new data from the National Association of REALTORS\u00ae. \u201cThe inventory shortage and the growing economy and job creation has increased the interest in home buying,\u201d says NAR Chief Economist Lawrence Yun. \u201cThere is just not enough inventory; people need to fight over the few homes available on the market.\u201d<\/p>\n<p>Historically, about 1.2 million new homes are built every year, but this year, only about 800,000 have been constructed. \u201cIt\u2019s been below that in prior years, and in the past decade, greatly lower than that,\u201d Yun says. \u201cToday\u2019s shortage is largely explained by a decade of underproduction.\u201d<\/p>\n<p>Some markets are so hot that even three weeks is too long for a home to sit. \u201cIf we make it three weeks in our market, there is something wrong,\u201d Boston-area real estate agent Darlene Umina told CNNMoney. \u201cThese days, you know within the first weekend whether the price was right.\u201d Umina says she hosted an open house earlier this year that resulted in 18 offers on the home. Three of those offers were cash.<\/p>\n<p>In San Francisco, real estate pro Erin Thomas says she\u2019s had buyers arrive at open houses and submit an offer on the spot. She also says offers above the list price and without contingencies are becoming more commonplace.<\/p>\n<p><em>Source: \u201c<a href=\"http:\/\/money.cnn.com\/2017\/11\/27\/real_estate\/how-long-sell-a-home-days-on-market\/index.html\" target=\"_blank\" rel=\"noopener\">This Is How Long it Takes to Sell a House<\/a>,\u201d CNNMoney (Nov. 27, 2017)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This Is How Fast a Home Sells Today Homes today spend a median time of three weeks on the market\u2014far shorter than the median of 11 weeks five years ago, according to new data from the National Association of REALTORS\u00ae. \u201cThe inventory shortage and the growing economy and job creation has increased the interest in &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"http:\/\/www.anthonydidonato.net\/wordpress\/fast-home-sells-today\/\">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-12561","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":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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