Aramco Report

The Blog
Nearly 1 in 10 homes impacted by a natural disaster in 2021

There were a total of 20 climate disasters in the U.S. last year, resulting in losses nearing $1 billion for each one. This is according to a new report from CoreLogic and data from the National Oceanic and Atmospheric Administration. The study found that about one in every 10 homes in the U.S. was...

Read More
Home price growth continues to accelerate, albeit slower than before

Homes are still getting more expensive in the U.S. but the rate at which prices are climbing appears to be slowing down. According to the latest data available from the National Association of Realtors, prices climbed nationally in Q4 2021 with double-digit increases in 67 percent of markets. Still,...

Read More
Zillow: 3 out of 4 home buyers have regrets

An occasional bout buyers remorse can be expected with so many Americans making a major purchase like buying a home these days but a new report from online real estate Zillow shows that the number of home buyers who feel some regret is growing at an alarming rate. Zillow’s survey of those who pur...

Read More
Most Americans cannot afford a newly built home

The National Association of Homebuilders reports that the vast majority of households in the U.S., 69 percent, cannot afford to buy a new median priced home. The NAHB’s report, released last week, found that 87.5 million households are unable to qualify for a loan to afford a new home because their...

Read More
Real estate investors buying more homes than ever

The number of homes on the market being snatched up by investors has reached a record high according to a new report. According to Redfin, 18.4 percent of homes sold during Q4 2021 were bought by investors. This is the highest percent seen since record keeping began 22 years ago and up 12.6 from the...

Read More
Increases in mortgage rates shrinking house hunters’ buying power

With mortgage rates seeing small upticks over the last few weeks, how much home buyers can afford to spend on a home has gotten slightly smaller. The potential for borrowing costs to go higher has home buyers getting more aggressive in their house hunt. According to a Redfin survey, nearly half o...

Read More
Home upgrades can pay off when it’s time to sell

A picture perfect bathroom, a stunning designer kitchen and the scent of freshly painted walls can all work in favor of a seller who is looking to attract a buyer. According to a new study by Knock, a homeownership site, an updated home can sell up to 30 percent faster than a home without any improv...

Read More
Virtual tours may be all a home buyer needs these days

In the era of Zoom for work, school and family connects, it makes sense that the virtual platform would extend to American’s home shopping experiences as well. According to a new survey conducted by Rocket Mortgage, three out of five home shoppers say they are willing to purchase a home after only v...

Read More
It’s Valentine’s in these cities all-year long

For those looking to reignite the spark in their relationship, what could be more romantic than moving to a city named after the most romantic day of the year? Chocolates and red roses are nice but a new home in Valentine, Arizona may be nicer. Looking to relocate to the mid-west, try Valentine, Tex...

Read More
Report: The younger the buyer, the older the home

With the steep decline of residential construction over the last decade, home buyers are purchasing older homes than before. According to a new report from the National Association of Realtors, the typical home purchased last year was built in 1993. These 28-year-old homes are often in need of repai...

Read More