March 2020 – PglRealEstates

March 31, 2020

U.S. Home-Price Growth Accelerated Before Pandemic

Home-price growth accelerated in January, the latest indication that the U.S. housing market was poised for a strong year of sales before the coronavirus pandemic struck. The S&P CoreLogic Case-Shiller National Home Price Index, which...

March 31, 2020

Pending Home Sales Rise 2.4% in February—but the Coronavirus Outbreak Will Slow Real-Estate Activity for Months to Come

The numbers: The index of pending home sales increased 2.4% in February following the previous month’s rebound, the National Association of Realtors reported Monday. The index measures real-estate transactions where a contract was signed but the sale had not...

March 27, 2020

How Record Unemployment Claims Will Affect the Housing Market

As businesses across the United States have been mandated to close their doors in a desperate effort to slow the spread of COVID-19, people have been losing their jobs left and right. Now, we’re seeing...

March 26, 2020

The Coronavirus Could Hit Mom-and-Pop Landlords Hard as Tenants Miss Rent Payments

With April 1 right around the corner, residential landlords across the country are waiting to see how bad of a hit they’ll be taking from the coronavirus pandemic. Millions of Americans have lost their jobs...

March 25, 2020

New-Home Sales Drop 4.4% in February From January’s 13-Year High

The numbers: Sales of newly-constructed homes in the U.S. dipped 4.4% on a monthly basis in February to a seasonally-adjusted annual rate of 765,000, the government reported Tuesday. January’s upwardly-revised figure represented the highest pace of new-home...

March 21, 2020

U.S. Existing-Home Sales Jumped in February

WASHINGTON—Sales of previously owned U.S. homes rose sharply in February to the highest monthly pace in 13 years amid record low mortgage rates related to fears about the coronavirus’ impact on the economy. Home sales...

March 20, 2020

Home Builders Still Hammering Away but Fear a Slowdown Looms

While much of American business has shut down because of the coronavirus pandemic, home builders are still building houses. But these companies are bracing for a sudden drop in demand due to the outbreak and...

March 18, 2020

New-Home Construction Slipped in February—Before the Coronavirus Even Became a Major Concern in the U.S.

The numbers: Builders started construction on new homes in the U.S. at a pace of 1.6 million in February, the Commerce Department said Wednesday. This represented a 1.5% decrease from an upwardly revised 1.62 million in January,...

March 17, 2020

Coronavirus, Oil Prices Send Shockwaves Through Houston Real Estate

The Houston office market is poised to become the next commercial real estate victim of the economic shock waves from the coronavirus crisis. So far, most of the fallout in the commercial property world has been...

March 16, 2020

U.S. Cities Are Temporarily Banning Evictions as Coronavirus Outbreak Worsens

Several major cities across the U.S. have either issued temporary bans on evictions or are considering them as the novel coronavirus outbreak unfolds. The San Jose City Council approved a proposal preventing evictions amid the coronavirus emergency,...

Month: March 2020