Blog – PglRealEstates

April 3, 2020

It’s Time for Home Buyers to Drive a Hard Bargain

Times of volatility create opportunities for investment—it’s true of the stock market and it’s also true of real estate right now. Rarely was there such a sudden and universal jolt to housing markets in the...

April 3, 2020

These Mortgage Borrowers Will Be ‘the First Canary in the Coal Mine’ for a Coronavirus-Fueled Foreclosure Crisis, Regulator Says

Just before the coronavirus pandemic reached America’s shores, the U.S. saw the lowest number of foreclosure filings in over a decade. But the economic downturn the disease outbreak has since caused could lead many Americans...

April 1, 2020

Coronavirus Forcing Home Buyers to Scramble to Close Deals

Real-estate agents are rushing to help home buyers and sellers close pending house sales, as the pandemic poses unprecedented obstacles to a high-touch process traditionally done in person. House hunting usually involves a lot of...

March 31, 2020

U.S. Home-Price Growth Accelerated Before Pandemic

Home-price growth accelerated in January, the latest indication that the U.S. housing market was poised for a strong year of sales before the coronavirus pandemic struck. The S&P CoreLogic Case-Shiller National Home Price Index, which...

March 31, 2020

Pending Home Sales Rise 2.4% in February—but the Coronavirus Outbreak Will Slow Real-Estate Activity for Months to Come

The numbers: The index of pending home sales increased 2.4% in February following the previous month’s rebound, the National Association of Realtors reported Monday. The index measures real-estate transactions where a contract was signed but the sale had not...

March 27, 2020

How Record Unemployment Claims Will Affect the Housing Market

As businesses across the United States have been mandated to close their doors in a desperate effort to slow the spread of COVID-19, people have been losing their jobs left and right. Now, we’re seeing...

March 26, 2020

The Coronavirus Could Hit Mom-and-Pop Landlords Hard as Tenants Miss Rent Payments

With April 1 right around the corner, residential landlords across the country are waiting to see how bad of a hit they’ll be taking from the coronavirus pandemic. Millions of Americans have lost their jobs...

March 25, 2020

New-Home Sales Drop 4.4% in February From January’s 13-Year High

The numbers: Sales of newly-constructed homes in the U.S. dipped 4.4% on a monthly basis in February to a seasonally-adjusted annual rate of 765,000, the government reported Tuesday. January’s upwardly-revised figure represented the highest pace of new-home...

March 21, 2020

U.S. Existing-Home Sales Jumped in February

WASHINGTON—Sales of previously owned U.S. homes rose sharply in February to the highest monthly pace in 13 years amid record low mortgage rates related to fears about the coronavirus’ impact on the economy. Home sales...

March 20, 2020

Home Builders Still Hammering Away but Fear a Slowdown Looms

While much of American business has shut down because of the coronavirus pandemic, home builders are still building houses. But these companies are bracing for a sudden drop in demand due to the outbreak and...