November 2020 – PglRealEstates

November 25, 2020

U.S. Home Prices Surge to 6-Year High in September, Case-Shiller Index Shows

Saul Loeb/AFP via Getty Images The numbers: The cost of buying a house rose sharply again in September and by one measure hit a six-year high, a Case-Shiller index showed, signaling that prospective buyers are unlikely...

November 24, 2020

Fannie, Freddie Overseer Looks to End Federal Control Before Trump Leaves

Astrid Riecken/The Washington Post/Bloomberg via Getty Images WASHINGTON—The federal regulator who oversees Fannie Mae and Freddie Mac is pushing to speed up the mortgage giants’ exit from 12 years of government control but has yet to reach an agreement...

November 20, 2020

Existing-Home Sales Soar Despite Record-Low Inventory

The numbers: Existing-home sales rose for the fifth consecutive month in October, as the housing market finally made up for the pandemic-related downturn in sales this spring. Total existing-home sales increased 4.3% from September to a...

November 18, 2020

New-Home Construction Surges to Post-Great Recession High in October

The numbers: U.S. builders started construction on homes at a seasonally-adjusted annual rate of 1.53 million in October, representing a 4.9% increase from the previous month’s figure, the U.S. Census Bureau reported Wednesday. Permitting for new homes...

November 18, 2020

Home Builder Confidence Surges to New Record High as Sales Volume Grows

The numbers: The construction industry’s outlook improved again in November, according to research from a trade group released Monday. The National Association of Home Builders’ monthly confidence index rose five points to a reading of 90...

November 13, 2020

U.S. Housing Market Takes a Breather But Stays Hot

The juggernaut that has become the U.S. housing market finally paused to take a breath last week. But even with buyers and sellers taking a step back temporarily, the industry remained hot. During the week...

November 12, 2020

Home Prices Are Rising by Double-Digits in Much of U.S. During Pandemic

Home prices across the nation continued to defy reason as they sharply headed up—even as the turmoil over a hotly contested presidential election, the coronavirus pandemic, and high unemployment persisted. Unlike during the Great Recession,...

November 10, 2020

Race for Space Pushing Up Suburban Rents

Big companies that own single-family homes are raising rents at the fastest rate since they emerged from last decade’s foreclosure crisis, capitalizing on a rush for suburban housing. Though millions of Americans are still struggling to pay...

November 9, 2020

What a Biden Administration Will Mean for Housing-Finance Reform

For more than a decade, housing-finance giants Fannie Mae and Freddie Mac have remained in conservatorship after being bailed out amid the Great Recession. With former Vice President Joe Biden’s projected win in the U.S. presidential election,...

Month: November 2020