Aramco Report

The Blog
Pending home sales climb in San Diego

As the weather heats up and much of the nation inches along in phased reopening plans, San Diegans returned to the housing market. Overall, real estate activity was up nationwide with San Diego seeing a sharp increase in pending home sales during the month of June. The Greater San Diego Association...

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Nearly 1 in 5 Americans have moved due to pandemic

The coronavirus pandemic has upended nearly every aspect of daily life, so much so that it has caused a major shift in where people are choosing to live. According to a new study published by the Pew Research Center this week, approximately one-in-five adults in the U.S. have either moved or know so...

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Housing market rebounding from pandemic downturn

In yet another positive report concerning the housing market's recovery from the coronavirus pandemic, new data shows more positive movement. Realtor.com’s Housing Market Recovery Index reached 95.8 during the week ended June 27. A reading of 100 would indicate a full return to pre-pandemic conditio...

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Shortage of homes continues to hinder housing market

Mortgage rates near all-time lows are driving many Americans to seek out a new home. Even as prices see moderate increases each month, historically low borrowing costs may serve as an offset. Ordinarily, this would equate to an incredibly hot summer home buying season. Yet the one drawback buyers ar...

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Report: 7.4 million homes in jeopardy of hurricane damage

With the novel coronavirus continuing to dominate headlines across the U.S., it may be easy to forget that the often-devastating hurricane season is just a few short weeks away. According to a report from CoreLogic, nearly 7.4 million single and multi-family homes are at risk during storm season. Th...

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Small changes could yield bigger profits for sellers

After studying other listings in your community, you might think you have a good idea of what your home could fetch if you put it up for sale. But according to real estate experts, the curb appeal and décor of your home could really be what drives up the price of on your listing. It is precisely for...

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Home loans taking longer to close during pandemic

With mortgage rates near historic lows, borrowers looking to purchase a new home or refinance their existing loan may be anxious to close the deal. But because volume is so high, particularly for refinances, many lenders are struggling to keep pace resulting in delays. Borrowers may lock in a low m...

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FHA extends protections for homeowners

A moratorium on all foreclosures and evictions that was put in place at the beginning of the coronavirus pandemic has been extended by the U.S. Department of Housing and Urban Development, according to announcement made last week. All single family mortgaged insured by the FHA are covered under the...

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Pending home sales rebound

Any downturn in the housing market caused by the coronavirus pandemic appears to be short-lived. After a record breaking decline in pending home sales in April, May’s figures shows the home buying roaring back in the U.S. In Southern California, the number of home buyers in escrow has increased for...

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Homes selling at fastest pace in 2 years

In yet another indication that the housing market is not being dragged down by the coronavirus pandemic, home sales are entering the summer on a hot streak. According to an analysis by Zillow, homes are selling at a faster rate than at any time since spring 2018. As of mid-June, the typical home li...

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