{"id":14122,"date":"2018-09-25T16:51:09","date_gmt":"2018-09-25T16:51:09","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=14122"},"modified":"2018-09-25T16:51:09","modified_gmt":"2018-09-25T16:51:09","slug":"fall-time-means-price-drops-for-a-quarter-of-homes","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/fall-time-means-price-drops-for-a-quarter-of-homes\/","title":{"rendered":"Fall Time means Price Drops for a Quarter of Homes"},"content":{"rendered":"

Fall Time means Price Drops for a Quarter of Homes<\/h2>\n
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Fall Time means Price Drops for a Quarter of Homes<\/p><\/div>\n

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The fall season is cooling down more than the temperature outside; it’s also putting a much-needed chill on hot housing markets, where home prices have become unaffordable to the average buyer. More than one in four home sellers dropped their asking price last month, according to a new report by real estate brokerage Redfin. With inventory starting to inch up, sellers are facing stiffer competition in the market and adjusting their price expectations, according to the report.<\/p>\n

Nearly 27 percent of homes that were listed in the four weeks ending Sept. 16 saw a price drop, according to the report. Redfin defines a price drop as a reduction in the home\u2019s value between 1 percent and 50 percent. The areas seeing some of the biggest price drops year over year are Las Vegas; San Jose, Calif.; Seattle; Atlanta.<\/p>\n

\u201cAfter years of strong price growth and intense competition for homes, buyers are taking advantage of the market\u2019s easing pressure by being selective about which homes to make an offer on and how high to bid,\u201d says Redfin Senior Economist Taylor Marr. \u201cBut there are some early signs of a softening market, and the increase in price drops may be another indicator that sellers are going to have trouble getting the prices\u2014and the bidding wars\u2014that they may have just months ago. Instead, many are finding their homes are sitting on the market without much interest until they start reducing their prices.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cMore Than One in Four Home-Sellers Dropped Their Price Last Month<\/a>,\u201d Redfin (Sept. 20, 2018)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Fall Time means Price Drops for a Quarter of Homes The fall season is cooling down more than the temperature outside; it’s also putting a much-needed chill on hot housing markets, where home prices have become unaffordable to the average buyer. More than one in four home sellers dropped their asking price last month, according … <\/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-14122","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":"\nFall Time means Price Drops for a Quarter of Homes - 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\/fall-time-means-price-drops-for-a-quarter-of-homes\/\" \/>\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\\\/fall-time-means-price-drops-for-a-quarter-of-homes\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fall-time-means-price-drops-for-a-quarter-of-homes\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Fall Time means Price Drops for a Quarter of Homes\",\"datePublished\":\"2018-09-25T16:51:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fall-time-means-price-drops-for-a-quarter-of-homes\\\/\"},\"wordCount\":291,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fall-time-means-price-drops-for-a-quarter-of-homes\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2018\\\/09\\\/09252018.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fall-time-means-price-drops-for-a-quarter-of-homes\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/fall-time-means-price-drops-for-a-quarter-of-homes\\\/\",\"name\":\"Fall Time means Price Drops for a Quarter of Homes - 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