Aramco Report

The Blog
The home buying deal breakers and wish list

Buying a new home is one of the most important decisions a family can make and one that shouldn’t be made lightly. On average, house hunters spend four months, touring 19 properties, just to find the best home. And while there are wish list items, like a pretty view or a walk-in pantry, there are so...

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Mortgage applications spike in California

Californians applying for a mortgage has soared 77 percent from the coronavirus bottom at the end of March and early April. The Mortgage Bankers Association’s weekly report on mortgage applications as a gauge of housing demand shows that total mortgage applications have increased for seven consecuti...

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Home buyers are ready to see open houses return

Driving through neighborhoods looking for the little flags and signs that point to an open house has been the tradition of homebuyers on a Saturday afternoon for years. But as the coronavirus spread in the U.S., sellers and their agents put this practice on hold for the foreseeable future. However,...

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Sharp decline in home sales as pandemic wages on

Although most parts of the country are now open following months of stay-at-home orders, the impact of the shutdown is still evident in the housing market. Data from DQNews shows that Southern California home sales fell by 26.6 percent in April compared to March and are also down 31.5 percent on a y...

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San Diego leaders look to address city’s unaffordable housing

San Diego is one of the priciest housing markets in the nation and growing even more unaffordable due to an ongoing shortage of homes in the region. According to a report from the San Diego Housing Commission, in 2000 there were more than 91,000 affordable housing units in the city. That number has...

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Open Houses likely months away

Even as restrictions in most areas start to ease, real estate professionals appear to be playing it safe likely for the comfort of their clients. A survey recently conducted by research firm Engagious found that 56 percent of consumers say that despite the ongoing COVID-19 pandemic, they would atten...

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Buyers willing to stretch budget for ideal home

With such slim pickings in the housing market these days, buyers are realizing more than ever that they may need to fork over a little extra to get in to the home they want. According to Lombardo Living, 41 percent of buyers in a survey stated they would go over their budget by an average of $25,000...

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First-timers account for a third of current home buyers

As the pandemic goes on, the housing market is seeing a shift in buyer population. The number of investors making a home purchase has declined, while first-time buyers are hitting the market in droves. According to data from the National Association of Realtors’ April 2020 REALTORS Confidence Index...

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Home purchase applications soar in Calif.

The coronavirus may have spooked some potential home buyers from making a move earlier this year but as stay-at-home orders are lifted and the weather heats up, Californians are returning to the housing market in droves. In fact, according to the Mortgage Bankers Association’s weekly reports on mort...

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Homes are selling but not as fast

Demand for homes is keeping the housing market moving albeit at a slower pace. New data from Realtor.com shows that homes are taking about an average of 15 days or more to sell as of May. This is 27 percent longer than a year ago and the largest increase in the number of days homes are staying on th...

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