September 2020 – PglRealEstates

September 29, 2020

U.S. Home-Price Growth Picks Up Pace Amid Pandemic Buying Rush

Home-price growth began accelerating in July, a sign that the slowdown in home prices caused by the coronavirus pandemic may be reversing. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices...

September 26, 2020

U.S. Buyers Face Significant Inventory Shortages

The coronavirus pandemic has left a “gaping hole in the U.S. housing inventory” that is triggering property price growth, according to a report released Thursday from realtor.com. In the roughly six months between the start of...

September 24, 2020

The Number of Americans Skipping Mortgage Payments Drops to Lowest Level Since April—but Some Borrowers Face Bigger Challenges

Fewer Americans are in forbearance on their mortgages now than in any point in the last five months. But that doesn’t mean borrowers — and the mortgage industry — are out of the woods yet....

September 23, 2020

U.S. Existing-Home Sales Continued to Climb in August

Sales of previously owned homes rose in August for the third consecutive month of sales increases, the National Association of Realtors said Tuesday, a sign that prospective home buyers remain motivated to buy despite the...

September 21, 2020

A Million Mortgage Borrowers Fall Through Covid-19 Safety Net

WASHINGTON—About one million homeowners have fallen through the safety net Congress set up early in the coronavirus pandemic to protect borrowers from losing their homes, according to industry data, potentially leaving them vulnerable to foreclosure and eviction....

September 18, 2020

New-Home Construction Pulls Back Slightly, as Builders Shift Attention Away From the Multifamily Sector

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 million in August, representing a 5% decrease from the previous month but a 3% uptick from a year ago, the...

September 16, 2020

Home-Builder Confidence Soars to All-Time High Despite Rising Material Costs

The numbers: Home builders are more confident about the state of their industry than ever before as foot traffic of prospective buyers continues to improve, according to research from a trade group released Wednesday. The National...

September 10, 2020

Mortgage Rates Tumble to Yet Another All-Time Low

Cash-strapped home buyers received a bit of relief this week when mortgage rates tumbled to a new all-time low—making those monthly mortgage payments just a bit cheaper. The double whammy of the coronavirus pandemic and...

September 8, 2020

Mortgage Refinancings Boom, Even as Coronavirus Hits Economy

The mortgage market recorded its best quarter in years this spring, a reflection of how the housing market is booming in 2020 even as much of the economy stumbles. Lenders issued $1.1 trillion in home...

September 5, 2020

The Fed Has a New Approach to Inflation: What It Means for Your Mortgage Rate

The Federal Reserve is shaking things up — which is both good and bad news for consumers. The Fed made some of the biggest changes to its policy in years following an extended review. The...

Month: September 2020