{"id":19342,"date":"2021-09-01T12:31:19","date_gmt":"2021-09-01T12:31:19","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=19342"},"modified":"2021-09-01T12:31:19","modified_gmt":"2021-09-01T12:31:19","slug":"dip-in-contracts","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/dip-in-contracts\/","title":{"rendered":"Dip in Contracts"},"content":{"rendered":"

Dip in Contracts<\/h1>\n
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The housing market took a slight dip in contract signings in July, but that could potentially mark an opening for home buyers who have been shut out by fierce competition over recent months.<\/p>\n

The National Association of REALTORS\u00ae reported this week that pending home sales dropped by 1.8% in July compared to June, the second consecutive month for declines. Only the West saw contract signings increase last month. But all major regions across the country posted year-over-year declines. Contract signings dropped 8.5% nationwide annually.<\/p>\n

\u201cThe\u00a0market may be starting to cool slightly, but at the moment there is not enough supply to match the demand from would-be buyers,\u201d said Lawrence Yun, NAR\u2019s chief economist. \u201cThat said, inventory is slowly increasing, and home shoppers should begin to see more options in the coming months.\u201d<\/p>\n

Homes listed for sale are still generating lots of interest from potential home buyers. \u201cBut the multiple, frenzied offers\u2014sometimes double-digit bids on one property\u2014have dissipated in most regions,\u201d Yun said.<\/p>\n

However, \u201ceven in a somewhat calmer market, a number of potential buyers are still choosing to waive appraisals and inspections,\u201d Yun added. More than a quarter\u201427%\u2014of buyers waived an appraisal and inspection in making an offer on a home recently. Buyers are looking to accelerate the home purchase process by doing so, Yun said.<\/p>\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":"

Dip in Contracts The housing market took a slight dip in contract signings in July, but that could potentially mark an opening for home buyers who have been shut out by fierce competition over recent months. The National Association of REALTORS\u00ae reported this week that pending home sales dropped by 1.8% in July compared to … <\/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-19342","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":"\nDip in Contracts - 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\/dip-in-contracts\/\" \/>\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\\\/dip-in-contracts\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-contracts\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Dip in Contracts\",\"datePublished\":\"2021-09-01T12:31:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-contracts\\\/\"},\"wordCount\":238,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"image\":{\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-contracts\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/magazine.realtor\\\/sites\\\/default\\\/files\\\/styles\\\/asset_image_full_content\\\/public\\\/assets\\\/images\\\/8.31.2021_pendinghomesales.png?itok=3DMbiJyh\",\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-contracts\\\/\",\"url\":\"https:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/dip-in-contracts\\\/\",\"name\":\"Dip in Contracts - 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