Aramco Report

The Blog
Home prices moderate in San Diego in August

For the second month in a row the median home price in San Diego county took a slight dip, according to new data. CoreLogic/DQNews reports that the median home price in the region was at $725,000 as of August. The peak of home prices in San Diego reached a peak of $749,750 in June and have slowed do...

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Reverse mortgages may make long-term care more affordable

Numerous studies have shown that seniors have a strong desire to age in place. As Baby Boomers grow older, finding long-term care at home is growing more important. However, paying for such care is costly and many senior citizens living on a fixed income struggle to be able to afford. Fortunately, m...

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Some home buyers waiting on the sidelines for market dip

The hyper-competitive housing market has been discouraging for some house hunters, so much so that a new survey shows that many are putting their search on hold for now. A new survey of 850 consumers from Opendoor shows that nearly four in 10 Americans who are looking to buy a home in the next year...

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Housing market cools slightly in August

An uptick in inventory giving buyers more options has led to a slight cooling of the housing market in August, according to new data. Although prices continue to accelerate at a rapid pace in some regions, like San Diego, the minor improvements are still welcome news for buyers. According to Zillow...

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Student loans are stopping first-time buyers cold

For millennials, student loan debt is the number one reason they are delaying their transition to homeowner. A new survey released by the National Association of Realtors found that 60 percent of non-homeowning millennials say college debt is hindering their ability to buy a home with most student l...

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Home flipping rebounds in Q2

For the first time in at least a year, the number of homes being flipped in the U.S. for a profit has increased. ATTOM announced in its second quarter 2021 U.S. Home Flipping Report that there were 79,733 single-family homes and condominiums flipped nationwide during Q2 2021. That represents nearly...

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Survey: homebuyers surprised by costs of home buying

The sticker shock some buyers experience isn’t just limited to the price of the home itself. According to a new survey from Realtor.com, the other costs associated with making a home purchase can catch some buyers off guard as well. Approximately 44 percent of homeowners report they weren’t aware o...

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Analysis: U.S. is short more than 5 million homes

The gap between home supply and demand in the U.S. is widening, according to a new report. The supply of homes for sale nationwide is near a record low – a fact well known to home buyers who noticed the slim pickings and high competition over the few available listings. Realtor.com released new rese...

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Report: Nearly 6 out of 10 home buyers face bidding wars

Approximately 58 percent of home offers written by Redfin agents in August faced competition. While that figure may seem overwhelming, it is actually a record low for 2021. In July, it was 62.1 percent and 74.3 percent in April. The rate of competition illustrates the challenges buyers face when mak...

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The best time to buy a home may be just around the corner

After a record hot summer in the housing market, homebuyers who struggled to nab a home over the past few months may soon find some relief. According to a new report from Realtor.com, the best time to purchase a home this year will be during the first full week of October. This expert prediction is...

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