{"id":7583,"date":"2015-03-02T14:17:30","date_gmt":"2015-03-02T14:17:30","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=7583"},"modified":"2015-03-02T14:17:30","modified_gmt":"2015-03-02T14:17:30","slug":"spring-housing-market","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/spring-housing-market\/","title":{"rendered":"Spring Housing Market"},"content":{"rendered":"

Spring Housing Market<\/h2>\n
\"Spring<\/a>

Spring Housing Market. Image courtesy of Simon Howden \/ FreeDigitalPhotos.net<\/p><\/div>\n

Low inventories of homes for-sale threatens to dampen the spring selling season this year. Nearly 9 percent fewer homes were for sale in January of this year than a year ago, according to realtor.com\u00ae housing data. The tight inventories may mean buyers will face sticker shock with home prices.<\/p>\n

“January’s inventory data suggest a continuation of the tightening trend we identified last month in the December data, and with a shortage of inventory typically comes increased home prices,” says Jonathan Smoke, chief economist at Realtor.com. “Half of the 200 markets realtor.com tracks experienced year-over-year price increases of at least 6 percent in January.”<\/p>\n

The National Association of REALTORS\u00ae reported this week that January existing-home sales plummeted nearly 5 percent year-over-year, a nine-month low.<\/p>\n

“This is a notable speed bump,” says Lawrence Yun, NAR’s chief economist, Lawrence Yun. He says home sales should be higher given the recent pick ups in the economy and job market and rising rental costs.<\/p>\n

But despite the higher buyer demand, he says the weak supply has become a big issue.<\/p>\n

Housing inventories are down by some of the largest amounts year-over-year in Las Vegas; Key West, Fla.; Colorado Springs, Colo.; Palm Bay, Fla.; and Columbus, Ohio, according to realtor.com\u2019s January National Housing Trend Report. (Read: Inventories Tighten Up Again)<\/p>\n

“Typically for a home seller in the past, they live in their home for seven years and then make a move,” Yun says. “Now we’re seeing home sellers are living in their home for 10 years.”<\/p>\n

Source: \u201cLow Inventory May Take Bloom Off Spring Home Sales,\u201d CNBC (Feb. 24, 2015)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Spring Housing Market Low inventories of homes for-sale threatens to dampen the spring selling season this year. Nearly 9 percent fewer homes were for sale in January of this year than a year ago, according to realtor.com\u00ae housing data. The tight inventories may mean buyers will face sticker shock with home prices. “January’s inventory data … <\/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-7583","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":"\nSpring Housing Market - 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\/spring-housing-market\/\" \/>\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\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Spring Housing Market\",\"datePublished\":\"2015-03-02T14:17:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/\"},\"wordCount\":288,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/03\\\/ID-10031964.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/\",\"name\":\"Spring Housing Market - 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\\\/spring-housing-market\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/03\\\/ID-10031964.jpg\",\"datePublished\":\"2015-03-02T14:17:30+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/spring-housing-market\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/03\\\/ID-10031964.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/03\\\/ID-10031964.jpg\",\"width\":266,\"height\":400,\"caption\":\"Spring Housing Market. 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