{"id":14810,"date":"2019-01-29T13:48:04","date_gmt":"2019-01-29T13:48:04","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=14810"},"modified":"2019-01-29T13:48:05","modified_gmt":"2019-01-29T13:48:05","slug":"housing-market-is-starting-to-look-brighter","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/housing-market-is-starting-to-look-brighter\/","title":{"rendered":"Housing Market Is Starting to Look Brighter"},"content":{"rendered":"

Housing Market Is Starting to Look Brighter<\/h1>\n
\"Housing<\/a>

Housing Market Is Starting to Look Brighter<\/p><\/div>\n

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Real estate indicators are starting to shift\u00a0in favor of home buyers as the housing market\u00a0sets its sights on spring. Mortgages are getting cheaper, housing inventories are growing, and home prices are rising at a slower pace.<\/p>\n

Mortgage rates have been holding steady for the last few weeks. The 30-year fixed-rate mortgage averaged 4.45 percent last week, according to Freddie Mac. Late last year, mortgage rates were nearing the 5 percent threshold, but several weeks of decreases have offered some relief to home shoppers. The five-year adjustable-rate mortgage has been averaging under 4 percent, landing at 3.90 percent last week, Freddie Mac reports<\/a>.<\/p>\n

Home buyers are responding to the lower rates. New mortgage applications of home buyers across the country surged to the highest level since 2010 during the week ending Jan. 11, according to the Mortgage Bankers Association. Applications were 9 percent higher than they were the week before.<\/p>\n

Housing inventories have grown significantly in many markets too, offering buyers a lot more choices. That is helping to put a tighter lid on home price growth as sellers face greater competition. Homebuilders are reportedly lowering their prices in many areas too. A quarter of newly built homes saw a price cut during the last quarter of last year.<\/p>\n

The decrease in mortgage rates is likely to boost home sales this year,\u00a0compensating\u00a0for the decline in sales recorded last year while pushing prices up modestly, says NAR Chief Economist Lawrence Yun. \u201cWith the return of homebuyers, home prices look to rise again in 2019, but with one big difference. For the first time in years, income gains of a projected 3.5 percent will outpace home price growth of around 2 percent. That is healthy and a turn toward better housing affordability,\u201d Yun writes<\/a> in a Jan. 24 opinion piece in the newspaper The Hill<\/em>.<\/p>\n

Certainly, for home sellers, lower prices may not sound ideal. But housing analysts say sellers need to set a realistic price up front to find a buyer as the market shifts.<\/p>\n

\u201cThe good news here for sellers is that\u2014with interest rates down and slowing prices\u2014more prospective buyers should be encouraged to get off the sidelines, shop around, and consider making offers,\u201d writes Kenneth Harney, a syndicated real estate columnist for The Washington Post<\/em>.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cHousing Market\u2019s Fundamentals Actually Turning Brighter<\/a>,\u201d The Washington Post (Jan. 23, 2019)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Housing Market Is Starting to Look Brighter Real estate indicators are starting to shift\u00a0in favor of home buyers as the housing market\u00a0sets its sights on spring. Mortgages are getting cheaper, housing inventories are growing, and home prices are rising at a slower pace. Mortgage rates have been holding steady for the last few weeks. The … <\/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-14810","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":"\nHousing Market Is Starting to Look Brighter - 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=\"http:\/\/www.anthonydidonato.net\/wordpress\/housing-market-is-starting-to-look-brighter\/\" \/>\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\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-market-is-starting-to-look-brighter\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-market-is-starting-to-look-brighter\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Housing Market Is Starting to Look Brighter\",\"datePublished\":\"2019-01-29T13:48:04+00:00\",\"dateModified\":\"2019-01-29T13:48:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-market-is-starting-to-look-brighter\\\/\"},\"wordCount\":410,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-market-is-starting-to-look-brighter\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/01\\\/01292019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-market-is-starting-to-look-brighter\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/housing-market-is-starting-to-look-brighter\\\/\",\"name\":\"Housing Market Is Starting to Look Brighter - 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