Aramco Report

After years of seeing a growing disparity in homeownership rates between the races, banks are beginning to take action to correct this. Many mortgage lenders have rolled out programs this year to help increase home buying opportunities for Black Americans in ways unseen before. Black home buyers ha...

The average rate on a 30-year fixed rate mortgage dropped to another record low last week. This is the twelfth time this year that mortgage rates have dropped to new low, according to Freddie Mac. Current mortgage rates are now well below last year's levels and expected to maintain their low levels...

The rising cost of lumber has driven the price of new homes higher over the last few years but a new report shows that some relief may be on the way. Research firm Zonda noted in a report last week that lumber futures are showing signs of stabilizing and even decline, suggesting that prices for newl...

In a newly released special political housing analysis, ATTOM Data Solutions reported that there appears to be a correlation between a home’s value and whether it is in a Democrat or Republican controlled county. According to the study, homes in Democrat-controlled counties around the nation appear...

The gap in home values in predominantly white neighborhoods compared to minority neighborhoods has doubled over the last 40 years, according to a new report. Oxford University Press published a study that shows the difference between the average home appraisal in white neighborhoods and those that a...

Homeownership continues to be the primary way Americans build up their net worth. According to a new report, the ownership of a primary residence typically accounts for 90 percent of a household’s total wealth. This is based on a 2019 Survey of Consumer Finance data as reported by the National Assoc...

Construction spending during the month of September remained relatively flat, even as demand for new housing developments continues to break records. According to data from the U.S. Census Bureau, total expenditures on new construction projects in September was just 0.3 percent higher than August....

When asked their opinion of which presidential candidate will be better for the future of the housing market, Americans are nearly evenly split. Forty percent of U.S. residents believe that Donald Trump will be better for the housing market than Joe Biden, while a comparable 37 percent believe that...

Home values have been on an upward swing for a few years now but the gains made in 2020 are dwarfing anything seen before. The total worth of U.S. homes climbed to a whopping $31.4 trillion in October, up from $29.4 trillion in February. The $2 trillion increase, as reported by Redfin, is higher tha...

As American’s third favorite holiday, behind only Christmas and Thanksgiving, people across the country are fascinated with the spooks, thrills and sweets the day brings. In fact, according to a poll from the Pew Research Center, nearly 30 percent of Americans report they have been in touch with som...