Blog – PglRealEstates

July 9, 2020

A Home Price Slump Is Coming. These Markets Will Be Hit Hardest.

Despite relatively steady home price appreciation in May, the U.S. housing market is on the precipice of an extended price slump, according to a CoreLogic report released Tuesday. The housing data provider’s May Home Price...

July 7, 2020

President Trump Considers Ending Housing Regulation That Advocates Say Was Created to Combat Racial Segregation

President Donald Trump says he is “studying” a housing regulation he claims has negatively impacted suburban areas. On Tuesday, President Trump took to Twitter to say he is considering ending the Affirmatively Furthering Fair Housing (AFFH)...

July 3, 2020

Foreign Home Buying Dries Up, Easing the Way for Domestic Buyers

Foreign buying of U.S. homes was a driving factor in markets from California to Florida, helping prices reach new highs. Now, the pandemic, reduced travel and immigration restrictions are further undermining already weakening international demand....

July 3, 2020

The Housing Market Heats Up as More Americans Return to Work

After a rough spring, the economy is looking up this summer, as nearly 5 million Americans went back to work in June. That’s likely to provide another jolt to the already hot housing market. The...

July 2, 2020

Mortgage Rates Hit a Fresh Record Low Ahead of Fourth of July Weekend

Could average mortgage rates drop below the 3% mark? If the recent trend continues, that’s a distinct possibility. The 30-year fixed-rate mortgage averaged 3.07% for the week ending July 2, down six basis points from...

July 1, 2020

Pending Home Sales Staged a Historic Rebound in May, Meaning the Worst May Have Already Come for the Real-Estate Market

The numbers: After two consecutive months of decline, the index of pending home sales soared 44.3% in May as compared with April, the National Association of Realtors reported Monday. The monthly increase was the largest ever since...

June 30, 2020

Millions of American Homes at Greater Flood Risk Than Government Estimates, New Study Says

Nearly six million properties across the U.S. have a substantial risk of flooding that isn’t disclosed by federal flood maps, according to a nonprofit research firm that released its own U.S. flood maps Monday. The...

June 30, 2020

Will This Program Stop a Wave of Struggling Renters From Being Evicted?

With millions of Americans out of work and struggling to pay their rent, the federal government is offering landlords a break in the hopes it will avert a tidal wave of evictions. The Federal Housing...

June 26, 2020

While Not Quite McMansions, Larger Homes in the U.S. Are Making a Comeback

For the past several years, the trend among many luxury homebuyers in the U.S. has been clear: bigger isn’t necessarily better. Buyers who could easily have sprung for sprawling estates have instead opted for so-called “jewel...

June 25, 2020

Mortgage Rates Keep Falling to Record Lows—So Is Now a Good Time to Refinance?

The coronavirus pandemic has led to a dramatic decline in mortgage rates. But that doesn’t mean now is a good time to refinance for everyone. Last week, Freddie Mac reported that mortgage rates hit a new...