{"id":6628,"date":"2014-07-01T12:44:06","date_gmt":"2014-07-01T12:44:06","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=6628"},"modified":"2014-07-01T12:44:06","modified_gmt":"2014-07-01T12:44:06","slug":"4-reasons-buyers-happy","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/4-reasons-buyers-happy\/","title":{"rendered":"4 Reasons Why Buyers Should Be Happy"},"content":{"rendered":"

4 Reasons Why Buyers Should Be Happy<\/h2>\n
\"4<\/a>

4 Reasons Why Buyers Should Be Happy. Image courtesy of stockimages\/ FreeDigitalPhotos.net<\/p><\/div>\n

Home shoppers may find there\u2019s good reason to breathe a sigh of relief this summer, according to the real estate brokerage Redfin. They pointed to higher inventories, fewer bidding wars, and slowing home prices as welcoming signs for home buyers this year.<\/p>\n

In particular, home buyers this summer are finding:<\/p>\n

    \n
  1. More options:<\/strong> Inventories of existing-homes are 6 percent higher than year-ago levels\u2014currently representing a 5.6-month supply at the current sales pace, according to May housing data from the National Association of REALTORS\u00ae. The higher inventory levels of homes for-sale means that buyers have more choices this summer.<\/li>\n
  2. Less competition:\u00a0<\/strong>As inventories rise, buyers also are facing fewer bidding wars. Bidding wars are down by double-digit margins in many markets this year, according to Redfin, which conducts an annual bidding war report<\/a>. In March, 63.4 percent of offers written by Redfin agents across 19 markets faced competition from other buyers, down from a bidding war peak of 73.4 percent a year prior, according to Redfin\u2019s report.<\/li>\n
  3. Price rises are slowing:<\/strong> The median existing-home price for all housing types in May was $213,400\u2014a 5.1 percent rise above May 2013, NAR reports. Home prices rose by double-digits last year. In 2013, home prices rose 11.5 percent over 2012, according to NAR<\/a>.\u00a0\u201cHome buyers are benefiting from slower price growth due to the much-needed, rising inventory levels seen since the beginning of the year,\u201d Lawrence Yun, NAR\u2019s chief economist.<\/li>\n
  4. Low borrowing costs:\u00a0<\/strong>Mortgage rates are averaging about 4.1 percent, less than half the historical average of a 30-year fixed-rate mortgage, which is 8.7 percent, Redfin reports. \u201cFor a $500,000 house, this is worth more than $500 a month in mortgage payments,\u201d savings, Redfin notes on its blog.<\/li>\n<\/ol>\n

    Source: \u201c4 Reasons Why Homebuyers Can Breathe a Sigh of Relief<\/a>,\u201d Redfin blog (June 27, 2014)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    4 Reasons Why Buyers Should Be Happy Home shoppers may find there\u2019s good reason to breathe a sigh of relief this summer, according to the real estate brokerage Redfin. They pointed to higher inventories, fewer bidding wars, and slowing home prices as welcoming signs for home buyers this year. In particular, home buyers this summer … <\/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-6628","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":"\n4 Reasons Why Buyers Should Be Happy - 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\/4-reasons-buyers-happy\/\" \/>\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\\\/4-reasons-buyers-happy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"4 Reasons Why Buyers Should Be Happy\",\"datePublished\":\"2014-07-01T12:44:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/\"},\"wordCount\":318,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/ID-100111841.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/\",\"name\":\"4 Reasons Why Buyers Should Be Happy - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/ID-100111841.jpg\",\"datePublished\":\"2014-07-01T12:44:06+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/4-reasons-buyers-happy\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/ID-100111841.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2014\\\/07\\\/ID-100111841.jpg\",\"width\":266,\"height\":400,\"caption\":\"4 Reasons Why Buyers Should Be Happy. 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