{"id":18924,"date":"2021-06-01T11:17:34","date_gmt":"2021-06-01T11:17:34","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=18924"},"modified":"2021-06-01T11:17:34","modified_gmt":"2021-06-01T11:17:34","slug":"contract-signings-fall-as-the-market-awaits-more-inventory","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/contract-signings-fall-as-the-market-awaits-more-inventory\/","title":{"rendered":"Contract Signings Fall as the Market Awaits More Inventory"},"content":{"rendered":"

Contract Signings Fall as the Market Awaits More Inventory<\/h1>\n
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he lack of inventory continued to chip away at pending home sales last month, but the home-buying craze is still going strong.<\/p>\n

The National Association of REALTORS\u00ae\u2019 Pending Home Sales Index\u2014a forward-looking indicator of home sales based on contract signings\u2014fell 4.4% month-over-month in April. Still, pending home sales are up nearly 52% compared to a year ago. However, NAR notes that the year-over-year comparison is skewed since it\u2019s from a time when pandemic-related shutdowns prompted home sales to dip to all-time lows.<\/p>\n

Nevertheless, \u201ccontract signings are approaching pre-pandemic levels after the big surge due to the lack of sufficient supply of affordable homes,\u201d says Lawrence Yun, NAR\u2019s chief economist. \u201cThe upper-end market is still moving sharply as inventory is more plentiful there.\u201d<\/p>\n

Yun anticipates the overall housing supply to see an increase in the fall as more homeowners warm up to the idea of selling. An increase in inventory is largely predicted to occur as vaccine rates increase and sellers realize the equity they\u2019ve accumulated. Also, more inventory likely will arise once the end of the eviction moratorium<\/a>\u00a0at the end of June as homeowners exit forbearance.<\/p>\n

For now, the Midwest is the only region seeing a month-over-month increase in pending home sales, NAR reports. \u201cThe Midwest region, which has the most affordable homes, was the only region to notch a gain in the last month,\u201d Yun says. \u201cSome buyers from the expensive cities in the West and Northeast, who have the flexibility to move and work from anywhere, could be opting for a larger-sized home at a lower price in the Midwest.\u201d<\/p>\n

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\"Pending<\/div>\n<\/div>\n<\/div>\n

\u00a9 National Association of REALTORS\u00ae<\/p>

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Source:<\/div>\n
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National Association of REALTORS\u00ae<\/a><\/div>\n
\u00a9National Association of REALTORS\u00ae
\nReprinted with permission<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Contract Signings Fall as the Market Awaits More Inventory he lack of inventory continued to chip away at pending home sales last month, but the home-buying craze is still going strong. The National Association of REALTORS\u00ae\u2019 Pending Home Sales Index\u2014a forward-looking indicator of home sales based on contract signings\u2014fell 4.4% month-over-month in April. Still, pending … <\/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-18924","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":"\nContract Signings Fall as the Market Awaits More Inventory - 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\/contract-signings-fall-as-the-market-awaits-more-inventory\/\" \/>\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\\\/contract-signings-fall-as-the-market-awaits-more-inventory\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/contract-signings-fall-as-the-market-awaits-more-inventory\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Contract Signings Fall as the Market Awaits More Inventory\",\"datePublished\":\"2021-06-01T11:17:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/contract-signings-fall-as-the-market-awaits-more-inventory\\\/\"},\"wordCount\":303,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/contract-signings-fall-as-the-market-awaits-more-inventory\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/2021-04-phs-housing-snapshot-infographic-05-27-2021-1000w-1500h.png?itok=mYeFk1LG\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/contract-signings-fall-as-the-market-awaits-more-inventory\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/contract-signings-fall-as-the-market-awaits-more-inventory\\\/\",\"name\":\"Contract Signings Fall as the Market Awaits More Inventory - 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