![\"Proof](\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2015\/06\/ID-100265159.jpg\")
<\/a>Proof That Buyer Demand Is Strong. Image courtesy of Stuart Miles \/ FreeDigitalPhotos.net<\/p><\/div>\n
<\/p>\n
For the fourth consecutive month, pending home sales were on the rise, with contract signings climbing to the highest level since May 2006, according to the National Association of REALTORS\u00ae’ Pending Home Sales Index. All four major regions of the U.S. posted increases last month, with the largest gains in the Northeast and the Midwest.<\/p>\n
The index, a forward-looking indicator based on contract signings, showed pending home sales up 3.4 percent in April month-over-month and up 14 percent above April 2014 levels, NAR\u2019s index shows. This marks the largest annual increase since September 2012.<\/p>\n
The steady gains in contract activity each month of this year is proof that buyer demand is strong, says Lawrence Yun, NAR’s chief economist.<\/p>\n
“REALTORS\u00ae are saying foot traffic remains elevated this spring despite limited \u2013 and in some cases severe \u2013 inventory shortages in many metro areas,” Yun says. “Home owners looking to sell this spring appear to be in the driver\u2019s seat, as there are more buyers competing for a limited number of homes available for sale. As a result, home prices are up and accelerating in many markets.”<\/p>\n
NAR recently reported that existing-home sales cooled in April, falling 3.3 percent month-over-month, but taking into account pending home sales, Yun expects a rebound in home sales heading into the summer. But gains will rely on a boost in inventory levels and evidence of moderating price growth, particularly since interest rates are now starting to rise.<\/p>\n
“The housing market can handle interest rates well above 4 percent as long as inventory improves to slow price growth and underwriting standards ease to normal levels so that qualified buyers \u2013 especially first-time buyers \u2013 are able to obtain a mortgage,” Yun says.<\/p>\n
Source: National Association of REALTORS\u00ae<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"Proof That Buyer Demand Is Strong For the fourth consecutive month, pending home sales were on the rise, with contract signings climbing to the highest level since May 2006, according to the National Association of REALTORS\u00ae’ Pending Home Sales Index. All four major regions of the U.S. posted increases last month, … <\/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-7930","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":"\nProof That Buyer Demand Is Strong - 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\/proof-that-buyer-demand-is-strong\/\" \/>\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\\\/proof-that-buyer-demand-is-strong\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Proof That Buyer Demand Is Strong\",\"datePublished\":\"2015-06-01T16:37:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/\"},\"wordCount\":319,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/ID-100265159.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/\",\"name\":\"Proof That Buyer Demand Is Strong - 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\\\/proof-that-buyer-demand-is-strong\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/ID-100265159.jpg\",\"datePublished\":\"2015-06-01T16:37:24+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/proof-that-buyer-demand-is-strong\\\/#primaryimage\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/ID-100265159.jpg\",\"contentUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2015\\\/06\\\/ID-100265159.jpg\",\"width\":400,\"height\":400,\"caption\":\"Proof That Buyer Demand Is Strong. 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