{"id":5616,"date":"2013-11-08T12:50:51","date_gmt":"2013-11-08T12:50:51","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=5616"},"modified":"2013-11-08T12:50:51","modified_gmt":"2013-11-08T12:50:51","slug":"high-priced-properties-drive-housing-recovery","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/high-priced-properties-drive-housing-recovery\/","title":{"rendered":"High-Priced Properties Drive Housing Recovery"},"content":{"rendered":"

High-Priced Properties Drive Housing Recovery<\/h2>\n

 <\/p>\n

\"Image<\/a>

Image courtesy of Sira Anamwong \/ FreeDigitalPhotos.net<\/p><\/div>\n

Sales growth is strongest among homes in the highest home tiers, according to a new analysis of housing data from the National Association of REALTORS\u00ae. Homes in the above-median-priced categories are outselling homes in the lower-priced tiers.<\/p>\n

Over the past year, more than 11 percent of homes sold were priced at over $500,000.<\/p>\n

A big variation exists among regions for median prices. The median price reflects half of the homes in an area that sold at a higher price and half of the homes that sold at a lower price than the median.<\/p>\n

One explanation behind the trend of pricier homes outselling lower priced homes is that \u201chome sales are shrinking in the lowest price tier — most likely a result of limited inventory in this price range as would be expected in a housing market where prices are rising,\u201d says Danielle Hale, a research economist at NAR.<\/p>\n

Sales in the lowest price range fell by more than 7 percent nationwide. On the other hand, sales in higher-priced tiers rose more than 30 percent in September compared to year ago levels, Hale notes.<\/p>\n

An expected decrease in distressed sales in the months ahead could mean even smaller inventories of lower-priced homes for sale compared to high-priced homes. That would \u201cmean continued upward pressure on the median price of homes compared to one year ago until inventories help relieve some of this pressure.\u201d<\/p>\n

Source: \u201cPricier Properties Lead the Recovery<\/a>,\u201d Real Estate Economy (Oct. 28, 2013)<\/em><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

High-Priced Properties Drive Housing Recovery   Sales growth is strongest among homes in the highest home tiers, according to a new analysis of housing data from the National Association of REALTORS\u00ae. Homes in the above-median-priced categories are outselling homes in the lower-priced tiers. Over the past year, more than 11 percent of homes sold were … <\/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":[5,4,9],"class_list":["post-5616","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHigh-Priced Properties Drive Housing Recovery - 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\/high-priced-properties-drive-housing-recovery\/\" \/>\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=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-priced-properties-drive-housing-recovery\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-priced-properties-drive-housing-recovery\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"High-Priced Properties Drive Housing Recovery\",\"datePublished\":\"2013-11-08T12:50:51+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-priced-properties-drive-housing-recovery\\\/\"},\"wordCount\":264,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-priced-properties-drive-housing-recovery\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2013\\\/11\\\/ID-10073226.jpg\",\"keywords\":[\"Anthony DiDonato\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-priced-properties-drive-housing-recovery\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/high-priced-properties-drive-housing-recovery\\\/\",\"name\":\"High-Priced Properties Drive Housing Recovery - 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