Buyers Expect Prices to Rise Further
Buyers Expect Prices to Rise Further
Competition in the housing market is fierce and it’s prompting home prices to rise quickly, but that doesn’t appear to be deterring some home buyers. A slim majority of 53% of Americans believe it’s still a good time to buy, according to a new Gallup survey of about 1,000 U.S. adults released this week.
Yet, consumers realize they’re going to pay more for a home nowadays. Seventy-one percent of Americans believe that home prices are going to increase over the next year in their local market, the highest reading since Gallup began tracking such data. A year earlier, only 40% of consumers believed home prices were going to rise, although that was taken last April shortly after the COVID-19 outbreak ignited across the U.S.
Still, while many Americans believe it’s a good time to buy, they are showing they have a lot of questions over the rapid run-up in the housing market. A record number of consumers reportedly are searching on Google to find out whether real estate is set for another housing crash that would be similar to the one sparked during the Great Recession. Find out why most leading housing economists believe that is not the case: ‘This Isn’t a Bubble’
Americans who believe it’s a good time to buy are placing more weight on the long-term value of homeownership. Forty-one percent of survey respondents chose real estate as the best investment, up from 35% a year ago. Stocks were rated as the next best long-term investment, but still at a distant 26% in comparison to housing.
Source:
©National Association of REALTORS®
Reprinted with permission
admin
For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. 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 “perfect” 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 – or exceeding – his clients’ 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… call Anthony DiDonato.
