{"id":15658,"date":"2019-06-24T14:22:05","date_gmt":"2019-06-24T14:22:05","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=15658"},"modified":"2019-06-24T14:22:08","modified_gmt":"2019-06-24T14:22:08","slug":"buyers-market-lifts-home-sales","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/buyers-market-lifts-home-sales\/","title":{"rendered":"Buyer\u2019s Market Lifts Home Sales"},"content":{"rendered":"<h1 class=\"page-title \">Buyer\u2019s Market Lifts Home Sales<\/h1>\n<div id=\"attachment_15659\" style=\"width: 749px\" class=\"wp-caption alignnone\"><a href=\"http:\/\/www.anthonydidonato.net\/wordpress\/2019\/06\/24\/buyers-market-lifts-home-sales\/attachment\/06242019\/\" rel=\"attachment wp-att-15659\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-15659\" class=\"size-full wp-image-15659\" src=\"http:\/\/www.anthonydidonato.net\/wordpress\/wp-content\/uploads\/2019\/06\/06242019.jpg\" alt=\"Buyer\u2019s Market Lifts Home Sales\" width=\"749\" height=\"499\" \/><\/a><p id=\"caption-attachment-15659\" class=\"wp-caption-text\">Buyer\u2019s Market Lifts Home Sales<\/p><\/div>\n<p>For the first time in two months, existing-home sales rose in May as consumers rushed to take advantage of lower mortgage rates and greater inventory. Total existing-home sales\u2014completed transactions including single-family homes, townhomes, condos, and co-ops\u2014jumped 2.5% month over month in May, reaching a seasonally adjusted annual rate of 5.34 million, the National Association of REALTORS\u00ae reported Friday. All four major regions of the U.S. saw an increase in sales last month, led by the Northeast.<\/p>\n<p>\u201cThe purchasing power to buy a home has been bolstered by falling mortgage rates, and buyers are responding,\u201d says NAR Chief Economist Lawrence Yun. However, total sales are still down 1.1% compared to a year ago.<\/p>\n<p>Homes are selling at a brisk pace\u2014an average of 26 days in May\u2014and Yun continues to call for more new-home construction to meet growing demand. \u201cMore new homes need to be built,\u201d Yun says. \u201cOtherwise, we risk worsening the housing shortage, and an increasing number of middle-class families will be unable to achieve homeownership.\u201d<\/p>\n<p>Here\u2019s a closer look at some of the top housing indicators from NAR\u2019s latest report:<\/p>\n<ul>\n<li><strong>Home prices: <\/strong>The median existing-home price for all housing types in May was $277,700, up 4.8% from a year ago. This marks the 87th\u00a0consecutive month for annual increases.<\/li>\n<li><strong>Inventories: <\/strong>Total housing inventory at the end of May rose to 1.92 million, up 2.7% from a year ago. Unsold inventory is at a 4.3-month supply at the current sales pace. While inventory was higher in May, it still remains near historic lows, Yun says. \u201cSolid demand along with inadequate inventory of affordable homes have pushed the median home price to a new record high,\u201d he says.<\/li>\n<li><strong>Days on the market: <\/strong>Fifty-three percent of homes sold in May were on the market for less than a month. Properties remained on the market an average of 26 days in May, matching averages from a year ago.<\/li>\n<li><strong>All-cash sales:<\/strong> All-cash transactions comprised 19% of sales in May, down from 21% a year ago. Individual investors tend to make up the largest bulk of all-cash sales. They purchased 13% of homes in May, down slightly from 14% a year ago.<\/li>\n<li><strong>Distressed sales: <\/strong>The number of foreclosures and short sales continues to shrink. They represented just 2% of sales in May, down from 3% a year ago. Less than 1% of existing-home sales in May were short sales.<\/li>\n<\/ul>\n<h4>Regional Breakdown<\/h4>\n<p>Here\u2019s a closer look at how existing-home sales fared across the country in May:<\/p>\n<ul>\n<li><strong>Northeast: <\/strong>Existing-home sales rose 4.7% to an annual rate of 670,000, nearly matching its pace from a year ago. Median price: $304,100, up 6.6% from May 2018.<\/li>\n<li><strong>Midwest:<\/strong> Existing-home sales increased 3.4% to an annual rate of 1.22 million, 3.9% below a year ago. Median price: $220,500, an increase of 5.6% from a year ago.<\/li>\n<li><strong>South:<\/strong> Existing-home sales increased 1.8% to an annual rate of 2.32 million in May, up 1.3% from a year ago. Median price: $241,400, up 3.6% from a year ago.<\/li>\n<li><strong>West:<\/strong> Existing-home sales rose 1.8% last month to an annual rate of 1.13 million, 3.4% below a year ago. Median Price: $409,100, up 4.1% from a year ago.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<div class=\"pane-node-field-news-source pane pane--nodefield-news-source\">\n<div class=\"pane__content\">\n<div class=\"field clearfix field--news-source\">\n<div class=\"field-label\">Source:<\/div>\n<div class=\"field-items\">\n<div class=\"field-item even\"><a href=\"http:\/\/https:\/\/www.nar.realtor\/research-and-statistics\/housing-statistics\/existing-home-sales\" target=\"_blank\" rel=\"noopener noreferrer\" data-di-id=\"di-id-ec6543d9-4a239e04\">National Association of REALTORS\u00ae<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Buyer\u2019s Market Lifts Home Sales For the first time in two months, existing-home sales rose in May as consumers rushed to take advantage of lower mortgage rates and greater inventory. Total existing-home sales\u2014completed transactions including single-family homes, townhomes, condos, and co-ops\u2014jumped 2.5% month over month in May, reaching a seasonally adjusted annual rate of 5.34 &hellip; <\/p>\n<p><a class=\"more-link btn\" href=\"https:\/\/www.anthonydidonato.net\/wordpress\/buyers-market-lifts-home-sales\/\">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-15658","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":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Buyer\u2019s Market Lifts Home Sales - 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\/buyers-market-lifts-home-sales\/\" \/>\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=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-market-lifts-home-sales\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-market-lifts-home-sales\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Buyer\u2019s Market Lifts Home Sales\",\"datePublished\":\"2019-06-24T14:22:05+00:00\",\"dateModified\":\"2019-06-24T14:22:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-market-lifts-home-sales\\\/\"},\"wordCount\":525,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-market-lifts-home-sales\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/wp-content\\\/uploads\\\/2019\\\/06\\\/06242019.jpg\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-market-lifts-home-sales\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/buyers-market-lifts-home-sales\\\/\",\"name\":\"Buyer\u2019s Market Lifts Home Sales - 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. 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Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both. Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary. Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that \u201cperfect\u201d property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently. When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting \u2013 or exceeding \u2013 his clients\u2019 expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame. For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania\u2026 call Anthony DiDonato.","sameAs":["http:\/\/www.anthonydidonato.net"],"url":"https:\/\/www.anthonydidonato.net\/wordpress\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts\/15658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/comments?post=15658"}],"version-history":[{"count":0,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/posts\/15658\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/media?parent=15658"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/categories?post=15658"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.anthonydidonato.net\/wordpress\/wp-json\/wp\/v2\/tags?post=15658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}