Blog – PglRealEstates

January 6, 2020

High Cost of Wildfire Insurance Hurts California Home Sales

Home sales are slowing in wildfire-prone areas of California as insurers retreat from high-risk regions, say real-estate agents and homeowners. Insurance companies have continued to reduce their wildfire exposure in the past two years after...

December 5, 2019

Mortgage Rates Hold Steady, but Economists Say Don’t Expect That to Last

Mortgage rates didn’t budge much over the last week amid mixed signals as to the economy’s strength as the holiday season kicked into full drive. The 30-year fixed-rate mortgage averaged 3.68% during the week ending...

November 29, 2019

Fannie Mae, Freddie Mac Will Soon Let Borrowers Take Out Mortgages Over $500K

Fannie Mae and Freddie Mac will let mortgage borrowers nationwide take out home loans over $500,000 in 2020. The Federal Housing Finance Agency announced Tuesday that it will increase the limit on conforming loans, meaning mortgages...

November 28, 2019

Pending Home Sales Fell in October—Mainly Because Buyers Couldn’t Find Houses

The numbers: The index of pending home sales dropped 1.7% in October from the previous month, the National Association of Realtors reported Wednesday. The decline comes after both August and September saw upticks in pending sales thanks...

November 27, 2019

Mortgage Rates Increased Over the Last Week—and That Could Put a Damper on the Housing Market

Mortgage rates have inched upward. If the trend continues, it could make affordability even more of a roadblock to would-be buyers. The 30-year fixed-rate mortgage averaged 3.68% during the week ending Nov. 27, up two...

November 27, 2019

Home-Price Growth Picked Up in September

Home-price growth accelerated in September, marking two-straight months of price increases after a long period of decelerating gains. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, which measures average home prices in major metropolitan areas across...

November 27, 2019

New-Home Sales Fell in October, but the Housing Market’s Trajectory Remains Positive

The numbers: Sales of newly-constructed homes in the U.S. decreased 0.7% on a monthly basis in October to a seasonally-adjusted annual rate of 733,000, the government reported Tuesday. However, the figure for September was revised up to...

November 21, 2019

Existing-Home Sales Rebound 1.9% in October as Low Mortgage Rates Continue to Provide a Lift

The numbers: Sales of previously-owned homes rose 1.9% in October — the latest housing statistic to demonstrate the upward lift low mortgage rates have provided to the U.S. real-estate market. Existing-home sales occurred at a...

November 19, 2019

Permits for New-Home Construction Hit Post-Recession Record High in October

The numbers: Builders started construction on new homes at a pace of 1.314 million in October, the Commerce Department reported Tuesday. While lower than the consensus estimate of 1.325 million starts among economists polled by MarketWatch expectations,...

November 18, 2019

Bad News, Home Buyers: It’s More Expensive for Developers to Buy Lots for New Houses

It’s costing real-estate developers a pretty penny to purchase lots for single-family homes. And that could spell trouble for people who are struggling to afford to buy a home. A new analysis of U.S. Census...