{"id":20042,"date":"2022-02-08T13:31:25","date_gmt":"2022-02-08T13:31:25","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=20042"},"modified":"2022-02-08T13:31:26","modified_gmt":"2022-02-08T13:31:26","slug":"competition-remains-strong","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/competition-remains-strong\/","title":{"rendered":"Competition Remains Strong"},"content":{"rendered":"\n

Homes are selling even faster than they were at this time last year as buyers continue to compete in the housing market. Housing inventories are lower as well, down 28% from a year ago. In December 2021, the National Association of REALTORS\u00ae reported that existing homes for sale fell to an all-time low.<\/p>\n\n\n\n

With fewer listings of homes last week, buyer interest again outpaced homes available, writes Danielle Hale, realtor.com\u00ae\u2019s chief economist, in a weekly analysis posted at the site.<\/p>\n\n\n\n

\u201cWith fewer homes for sale now than this time last year, homes are selling faster and successful buyers have to move quickly,\u201d Hale writes.<\/p>\n\n\n\n

Seventy-nine percent of homes sold in December 2021 were on the market for less than a month, according to the National Association of REALTORS\u00ae. Properties typically remained on the market for just 19 days in December.<\/p>\n\n\n\n

As rents rise at a double-digit pace, renters are looking to homeownership for the safety net of a steady mortgage and hopes of long-term appreciation. Mortgage rates that remain under 4% are also an incentive.<\/p>\n\n\n\n

However, the fear of rising rates<\/a> has driven a \u201crush on new-home sales as buyers try to sign contracts to lock-in rates and beat further cost increases,\u201d Hale says.<\/p>\n\n\n\n

Hale says housing indicators point to additional sellers entering the market this spring, which buyers would welcome as they look for a bigger selection in the housing market. Surveys show that more homeowners are planning to sell over the next 12 months. With single-family home construction at a 1 million\u2013plus pace, inventory is expected to improve in the coming months.<\/p>\n\n\n\n

\u201cAdditional housing supply is what\u2019s needed to help first-time home buyers and add momentum to the homeownership rate,\u201d Hale says. Source:\u00a0realtor.com\u00ae<\/a><\/p>\n\n\n\n

\u00a9National Association of REALTORS\u00ae
Reprinted with permission<\/p>\n","protected":false},"excerpt":{"rendered":"

Homes are selling even faster than they were at this time last year as buyers continue to compete in the housing market. Housing inventories are lower as well, down 28% from a year ago. In December 2021, the National Association of REALTORS\u00ae reported that existing homes for sale fell to an all-time low. With fewer … <\/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-20042","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":"\nCompetition Remains Strong - 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\/competition-remains-strong\/\" \/>\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\\\/competition-remains-strong\\\/#article\",\"isPartOf\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/competition-remains-strong\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"headline\":\"Competition Remains Strong\",\"datePublished\":\"2022-02-08T13:31:25+00:00\",\"dateModified\":\"2022-02-08T13:31:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/competition-remains-strong\\\/\"},\"wordCount\":295,\"publisher\":{\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/#\\\/schema\\\/person\\\/964792b6994e8cc4cbddc36ad4824908\"},\"keywords\":[\"Anthony DiDonato\",\"News\",\"Real Estate\",\"tips\"],\"articleSection\":[\"News\",\"Real Estate Tips\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/competition-remains-strong\\\/\",\"url\":\"http:\\\/\\\/www.anthonydidonato.net\\\/wordpress\\\/competition-remains-strong\\\/\",\"name\":\"Competition Remains Strong - 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