Blog – PglRealEstates

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...

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...