Aramco Report

The Blog
Amazon joins effort to create more affordable housing

Finding affordable places to live in big cities in the U.S. isn’t just a problem for workers but for their employers as well. It is for this reason that Amazon has announced that it has committed more than $2 billion to create and preserve affordable housing near its largest employment centers inclu...

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Low interest rates make homeownership more affordable

Home prices continue to rise across the U.S. as demand from buyers drives bidding wars. While this is leading to would-be homeowners to have re-evaluate their budgets when house hunting, some consolation may be found in record low interest rates that help boost their buying power. According to a re...

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Million-dollar homes not uncommon in coastal cities

The number of cities where buyers will find homes costing at least a million dollars has ballooned over the past year, according to a new report. Zillow has found that in 2020, there were 312 cities in the U.S. where the typical home value was at least $1 million, an increase of 45 cities from 2019....

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Forecast: Record home prices expected to continue in 2021

Last year showed how home prices in the U.S. are seemingly immune to an economic downturn, a surge in unemployment and even a global pandemic. For 2021, experts say expect more of the same. In a new forecast published by Veros Real Estate Solution, experts suggest that home prices will continue to r...

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U.S. home inventory drops to record low

The number of homes listed for sale in the U.S. has fallen to a new all-time low as of last month, according to data from Realtor.com. The volume of properties on the market nationwide dipped below 700,000, down 39.6 percent on a year-over-year basis. “The shortage of homes for sale has been an ong...

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Home ownership still more affordable than renting

With the cost of rent soaring higher in most markets across the U.S., a new report shows that long-term, being a property owner will save money. ATTOM Data Solutions’ 2021 Rental Affordability Report shows that owning a median-priced three-bedroom home remains more affordable than renting a three-be...

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San Diego could see biggest home price increases in U.S.

If conditions remain as they are, the price of a home in San Diego could climb by more than eight percent this year. This anticipated increase in home prices is greater than projections for any other major metropolitan market in the U.S. according to a new report from CoreLogic. An eight percent in...

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All-cash home purchases at lowest point in 13 years

Record low mortgage rates have incentivized home buyers to finance their purchases rather than pay cash, according to a new report from Redfin. All-cash home purchases accounted for 24.3 percent of homes sold in 2020, down from 25.3 in 2019 and the smallest portion of cash sales since 2007. All-cas...

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The world’s least affordable housing market

It’s not San Diego or Los Angeles or even Beverly Hills. When it comes to the most expensive housing market in the world, there is one place that dwarfs the affordability issues in California: Hong Kong. The island hub of Asia has been ranked as the least affordable housing market in the world accor...

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Forbearances climb for third consecutive week

The volume of homes in forbearance in the U.S. climbed for the third straight week, according to a new report from Black Knight. Active forbearances rose by 15,000 in the last week of the year, driven largely by a surge in FHA and VA loans falling within this category. Estimates from Black Knight s...

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