Aramco Report

The Blog
Homebuyer sentiment falls to 10-year low

As the housing market grows increasingly competitive and unaffordable, homebuyers are becoming more weary. According to Fannie Mae’s monthly Home Purchase Sentiment Index, the sentiment among homebuyers has fallen to its lowest point in the 10-year history of the index. The number of Americans who...

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San Diego home prices continue to rise as inventory shrinks

Strong sales activity continued in San Diego in April according to a new report. The home buying season kicked off in the region with closed sales increasing 46.3 percent for detached homes over last year, according to the Greater San Diego Association of Realtors. Meanwhile, the volume of homes fo...

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Eviction moratorium comes to an end

Last week a federal judge has ruled to overturn a national eviction ban that has been in place for most of the pandemic. The Department of Justice has since announced that they would be appealing the ruling. Millions of Americans are estimated to be behind on their rent payments after losing income...

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San Diego homeowners consider renting instead

Breaking in to the San Diego real estate market is a challenge that often has potential home buyers saving for years to try to accomplish. Interestingly, however, is a population of San Diegans who are making the choice to give up homeownership in favor of renting. As reported by ABC10, an increasi...

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Lumber prices could cripple housing market’s future

Just when it was thought that the severe shortage of homes for sale in the U.S. was as bad as it gets, in came the pandemic. And while the coronavirus temporarily brought down the U.S. economy and brought the housing market to a grinding halt, it is the ongoing lumber crisis that is topping the list...

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Bill and Melinda Gates’ divorce could lead to biggest real estate sales in years

While the shock of the separation of Bill and Melinda Gates still hasn’t settled, speculation about the process of the dividing their assets has begun. With a net worth of over $130 billion, the Microsoft co-founder's estate includes the world’s largest private charity, an investment firm and an imp...

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Report: Sell your home in May to make the most

It is no doubt a seller’s market but that doesn’t mean that there aren’t ways for homeowners to maximize their profits and take advantage of the seasonal demand increases in the housing market. According to an annual analysis of the best times of the year to sell a home, ATTOM Data Solutions reports...

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New homes growing more expensive as lumber prices skyrocket

Those looking to purchase a newly constructed home should be prepared to pay a premium. According to a new report from the National Association of Home Builders, record-breaking prices for the cost of lumber has driven the cost of new home construction to new heights and builders are passing this co...

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Buyers nabbing up homes for sale in record time

Intense buyer competition has led to the fastest time from listing to sale ever recorded. According to the latest Monthly Housing Trends Report from Realtor.com, on average homes are selling in just 43 days nationwide. This is 20 days fewer than a year ago. Homebuyers outnumbering listings is drivi...

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San Diego home prices rise faster than most of the U.S.

It is known to be a high-priced housing market but new data shows that it is only getting pricier. According to the S&P CoreLogic Case-Shiller home price index, real estate prices in the San Diego metropolitan area are up nearly 17 percent on a year-over-year basis as of February. This is not only t...

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