{"id":15118,"date":"2019-03-21T13:39:32","date_gmt":"2019-03-21T13:39:32","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=15118"},"modified":"2019-03-21T13:39:49","modified_gmt":"2019-03-21T13:39:49","slug":"home-buying-as-spring-kicks-off","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/home-buying-as-spring-kicks-off\/","title":{"rendered":"Home Buying as Spring Kicks Off"},"content":{"rendered":"

Home Buying as Spring Kicks Off<\/h2>\n
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Home Buying as Spring Kicks Off<\/p><\/div>\n

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A growing number of Americans believe now is a good time to purchase a home as the real estate market heads into what is traditionally its busiest season of the year. In the first quarter of 2019, 37 percent of consumers said they \u201cstrongly believe\u201d that now is a good time to buy, up from 34 percent in the last quarter of 2018, according to the National Association of REALTORS\u00ae\u2019 latest Housing Opportunities and Market Experience Survey<\/a>.<\/p>\n

Why are Americans more upbeat? Lower mortgage rates and greater inventory may be driving more home shoppers this spring. \u201cInventory has been rising, so those buyers interested in making a purchase will not be limited in choices,\u201d says NAR Chief Economist Lawrence Yun. \u201cAdditionally, more stable home price trends are leading to more foot traffic at various open house gatherings.\u201d<\/p>\n

Higher home prices don\u2019t seem to be deterring potential buyers. Sixty-one percent of consumers say they think home prices in their communities have increased over the last 12 months, down from 63 percent in the fourth quarter of 2018. Forty-seven percent believe prices will rise in the next six months, while only 10 percent believe home prices will drop in that time period. Residents in the Northeast and South, renters, and those who earn between $50,000 and $100,000 are the most likely to believe home prices will rise in their communities, the survey shows.<\/p>\n

The HOME survey also found that 53 percent of consumers believe the economy is improving. The optimism is greatest among those who earn $100,000 or more and those who live in rural areas. Among non-homeowners, however, some may still be skittish to enter the housing market due to financial concerns. Twenty-seven percent believe it would be \u201cvery difficult\u201d to qualify for a mortgage given their current financial situation, and 28 percent said it would be \u201csomewhat difficult\u201d to qualify, according to the survey.<\/p>\n

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Mortgage affordability in the first quarter of this year has improved for would-be home buyers compared to recent previous quarters, Yun says. \u201cThe Federal Reserve\u2019s decision to refrain from any foreseeable rate hike was beneficial to potential buyers,\u201d Yun says. \u201cThat move directly contributed to mortgage rates declining in [Q1 2019], which provided a second-chance opportunity to those looking to buy who were priced out last quarter.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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\u201cQ1 2019 Housing Opportunities and Market Experience (HOME) Survey<\/a>,\u201d National Association of REALTORS\u00ae (March 20, 2019)<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Home Buying as Spring Kicks Off A growing number of Americans believe now is a good time to purchase a home as the real estate market heads into what is traditionally its busiest season of the year. In the first quarter of 2019, 37 percent of consumers said they \u201cstrongly believe\u201d that now is a … <\/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-15118","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":"\nHome Buying as Spring Kicks Off - 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\/home-buying-as-spring-kicks-off\/\" \/>\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\\\/home-buying-as-spring-kicks-off\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-buying-as-spring-kicks-off\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Home Buying as Spring Kicks Off\",\"datePublished\":\"2019-03-21T13:39:32+00:00\",\"dateModified\":\"2019-03-21T13:39:49+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-buying-as-spring-kicks-off\\\/\"},\"wordCount\":409,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-buying-as-spring-kicks-off\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/03\\\/03212019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-buying-as-spring-kicks-off\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/home-buying-as-spring-kicks-off\\\/\",\"name\":\"Home Buying as Spring Kicks Off - 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