Blog – PglRealEstates

January 16, 2021

Biden Plans to Extend National-Eviction Moratorium Through September 2021

President-elect Joe Biden is calling on lawmakers to extend the national eviction moratorium for another eight months — one of the many housing-related proposals he is making as part of his $1.9 trillion stimulus plan. Biden...

January 14, 2021

New York City Renters Owe More Than $1 Billion in Unpaid Rent, Survey Finds

New York City apartment tenants are more than $1 billion in debt from missed rent payments during the coronavirus pandemic, according to a new survey measuring the depth of the rent crisis brought on by Covid-19....

January 12, 2021

If a Sale Doesn’t Go Through, Who Pays the Appraisal Fee?

If you’re buying a home, one of the (many) things you must check off your list is hiring a professional to do a home appraisal to assess the property’s value. But what if you check...

January 11, 2021

Fannie, Freddie Tighten Rules for Condos in Vacation Locales

WASHINGTON—Getting a mortgage for a resort-area condo might become more difficult after Fannie Mae and Freddie Mac moved to tighten rules on buildings with many short-term rentals and hotel-like amenities, some Realtors and bankers say. Fannie Mae last month...

December 30, 2020

U.S. Home Prices Surge to 6-Year High as More People Flee Cities, Case-Shiller finds

The numbers: The cost of buying a home surged again in October, a closely followed index showed, and prices rose at the fastest rate in six years in a clear sign the housing market is still...

December 23, 2020

New-Home Sales Fall as Buyers Begin to Get Cold Feet in an Expensive Market

The numbers: Sales of newly built homes occurred at a seasonally-adjusted annual rate of 841,000 in November, the Census Bureau reported Wednesday. That was 11% below the downwardly-revised pace of 945,000 in October. Analysts polled by MarketWatch...

December 22, 2020

Existing-Home Sales Fall in November as Buyers Struggle to Find Properties to Purchase

The numbers: Existing-home sales fell after five straight months of increases in November, as buyers were met with a record-low number of homes for sale. Total existing-home sales dipped 2.5% from October to a seasonally-adjusted annual...

December 17, 2020

New-Home Construction Charges On, as Builders Shift Focus to Multifamily Projects

The numbers: U.S. home builders started construction on homes at a seasonally-adjusted annual rate of 1.55 million in November, representing a 1.2% increase from the previous month’s figure, the U.S. Census Bureau reported Thursday. Compared with last...

December 17, 2020

Home-Builder Confidence Slips From Record High in December, as Buyers Get Cold Feet

The numbers: The construction industry’s outlook worsened slightly in December, according to research from a trade group released Wednesday. The National Association of Home Builders’ monthly confidence index dropped four points to a reading of 86...

December 15, 2020

Homes in Wildfire, Flood-Prone Areas Appreciate Slower

Prices for homes in historically fire-prone areas have appreciated at a slower rate than those without risks, according to an analysis by realtor.com released Monday. So far in 2020, prices for homes at risk of...