July 2020 – PglRealEstates

July 30, 2020

How the Coronavirus Pandemic Pushed Home Prices to a Record High

Who would have thought that this summer, with the number of COVID-19 cases surging and new rounds of restrictions and shutdowns, would yield one of the most competitive housing markets in recent memory? Nonetheless, home...

July 30, 2020

Pending Home Sales Continued to Rebound Across the Country in June (for Now)

The numbers: The index of pending home sales rose 16.6% in June as compared with May, the National Association of Realtors reported Wednesday. The increase comes after pending home sales experienced the largest monthly rise on record...

July 29, 2020

U.S. Home-Price Growth Decelerated in May

Home-price growth slowed slightly in May, as home sales fell for a third straight month due to a widespread shutdown of economic activity in many parts of the country. The S&P CoreLogic Case-Shiller National Home...

July 28, 2020

The Surprising Reason the Homeownership Rate Surged in a Pandemic

In the middle of a recession and the worst public health crisis in a century, the U.S. homeownership rate surged to its highest point since the Great Recession. The homeownership rate reached 67.9% in the...

July 28, 2020

Jumbo Mortgage Rates Are No Longer the Cheapest Mortgages Around

Record-low interest rates are helping home buyers lock in years of savings on future mortgage payments. But those searching for larger homes or in expensive markets aren’t reaping the same rewards. The average rate on...

July 24, 2020

New U.S. Home Sales Surge in June to Strongest Rate in 13 Years

The numbers: Sales of new single-family homes rose sharply for the second straight month in June, pushing the sales rate to its highest level in 13 years, according to data released Friday. The annual sales pace...

July 24, 2020

Home Sellers Pocket Record Profits During the Coronavirus Pandemic

The intrepid homeowners who sold their properties as the coronavirus pandemic ramped up in the U.S. this spring pocketed record-high profits. Nationally, home sellers made a profit of about 36% on their sales in the...

July 23, 2020

Thousands in Silicon Valley in Danger of Eviction as End of California Moratorium Nears

More than 43,000 households in the heart of Silicon Valley face eviction in the next few months even as local technology companies’ valuations soar, according to new research published Wednesday, in what could become a...

July 23, 2020

U.S. Existing-Home Sales Rose 20.7% in June

The housing market came roaring back in June, as low mortgage rates and increased economic activity helped push sales of previously owned homes up 20.7% from the prior month. Demand was strong from apartment renters...

July 17, 2020

Housing Starts Gain Steam as Builders Ramp Up Construction Despite Pandemic

The numbers: Housing starts occurred at a 1.19 million seasonally adjusted annual rate in June, the Commerce Department said Friday, representing a 17% increase from May. Permitting activity for newly-built homes rose 2.1% between May and...

Month: July 2020