October 2020 – PglRealEstates

October 30, 2020

Dearth of Credit Starves Detroit’s Housing Market

DETROIT—Alter Road runs northwest along this city’s border. To the east is Grosse Pointe Park, an upscale suburb dotted with grand old mansions built in the auto industry’s heyday. To the west is the city...

October 29, 2020

As Pending Home Sales Fall in September, Concerns Emerge About a Housing Rebound

The numbers: The index of pending home sales dropped 2.2% in September compared with the previous month, breaking a four-month streak of increases, the National Association of Realtors reported Thursday. The index measures real-estate transactions where a...

October 29, 2020

U.S. Home Prices Rise at Fastest Pace in Two Years

The numbers: The S&P CoreLogic Case-Shiller 20-city price index posted a 5.2% year-over-year gain in August, up from revised 4.1% in the previous month, according to a report released by S&P Dow Jones Indices on Tuesday....

October 27, 2020

Struggling Rental Market Could Usher in Next American Housing Crisis

A housing crisis centered on the vast apartment and home-rental markets is emerging in the U.S., threatening to send millions of renters into eviction and leave landlords short billions of dollars. A large number of...

October 27, 2020

New Home Sales Dip Slightly in September, but Remain Strong Going Into Fall

The numbers: Sales of new single-family homes fell in September, but the housing market remains poised to buck seasonal trends nonetheless. New home sales occurred at a seasonally-adjusted, annual rate of 959,000, the U.S. Census Bureau reported...

October 22, 2020

Existing-Home Sales Soared in September—7 in 10 Homes Sold in Less Than a Month

The numbers: Existing-home sales increased for the fourth consecutive month in September, as the U.S. housing market benefitted from low interest rates. Total existing-home sales rose 9.4% from August to a seasonally-adjusted, annual rate of 6.54...

October 20, 2020

New-Home Construction Rises Modestly in September, Driven by a Northeast Building Boom

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.42 million in September, representing a 1.9% increase from the previous month’s downwardly-revised figure, the U.S. Census Bureau reported Tuesday. Compared with...

October 19, 2020

Coronavirus Tanked the Economy. Then Credit Scores Went Up.

Millions of Americans lost their jobs and skipped debt payments this year. You wouldn’t know it looking at consumer credit scores. While the coronavirus was pummeling the U.S. economy, Americans’ credit scores—a metric used in...

October 9, 2020

Where Trump and Biden Stand on Mortgage Finance

WASHINGTON—Donald Trump and Joe Biden have divergent views on the federal government’s role in the $11 trillion mortgage market, with potential consequences for the price of home loans for millions of Americans. In keeping with...

October 7, 2020

As Trump Says He’s Abandoned Stimulus Talks, Renters and Landlords Face a Financial Cliff

President Donald Trump has quashed hopes for a new federal stimulus package before the presidential election in November. And that could leave America’s renters and landlords in a lurch. On Twitter Tuesday afternoon, Trump initially said that he had instructed...

Month: October 2020