Aramco Report

The Blog
U.S. homeownership rate climbs in Q1

In the era before coronavirus, the housing market was expanding by reaching a 7-year high in the national rate of homeownership. According to data from the U.S. Census Bureau, the homeownership rate in the first quarter of 2020 climbed to its highest levels since 2013 with a 1.1 percent year-over-ye...

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Housing market appears stable amid pandemic

After a sizable decline in home sales in the last two weeks of March due to the implementation of shelter-in-place orders, the housing market appears to be stabilizing. As most Americans begin to enter their second month of lockdowns, a report from Zillow shows that the housing market is recovering...

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Report: Home sellers not intimidated by pandemic

In a report from the National Association of Realtors, homeowners listing their homes for sale are not overly concerned about a slowdown in the housing market due to the ongoing pandemic. In fact, according to a poll by the NAR, 75 percent of real estate agents report that sellers are refusing to lo...

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Home price growth accelerated in February

The first case of the novel coronavirus in the U.S. was discovered in January but it wasn’t until late February that Americans began to understand the a global pandemic that would upend life as we know was on the horizon. As a result, a new report shows that demand for housing and ensuing price incr...

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Chinese buyers returning to U.S. housing market

It was the origin and once the epicenter of the novel coronavirus but as the infection continues to diminish in the county, life appear to be returning to normal. This includes a return of Chinese real estate investors in foreign markets. According to data from Juwai IQI, a Hong-Kong based real est...

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Online home shopping on the rise

While the volume of listings has dropped and sales have slowed over the past several weeks, potential home buyers continue to browse. New data from online real estate site Zillow shows that there are more buyers actively looking for a new home online today than there were a year ago. The spring is...

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Home buying slow down felt across Southern California

We have seen many parts of the U.S. economy grind to a halt during this pandemic and while the housing market hasn’t been immune, it continues to show signs of life. According to a new report, while new sales contracts have been nearly cut in half over the past four weeks, demand for housing in the...

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Sellers and buyers rethinking moving

A severe decline in homebuyer activity over the last several weeks has been recorded by the National Association of Realtors. According to a survey conducted by the NAR of 2,291 of its members earlier this month, 90 percent of respondents cited decreased homebuyer interest at this time. Many are rep...

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Buyers embracing virtual open houses

In the age of the coronavirus, Americans have had to quickly adapt to a new way of doing business, shopping and even home buying. For those determined to buy a home during the pandemic, adapting to a new house hunting process is essential. Live-video tours, more detailed listing data and extra photo...

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Calif. home sales hit by pandemic

Home sales in California declined on both a monthly and yearly basis in March as stay-at-home orders begin taking their toll. The California Association of Realtors reported last week that closed escrow sales of existing, single-family homes in the state fell to a seasonally adjusted annualized rate...

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