Aramco Report

The amount of money Americans fork over each month for their mortgage is getting smaller according to a new report. As mortgage rates in the U.S. continue to hover near all-time lows, home buyers and those refinancing are finding that their mortgage payments are more affordable. Low mortgage rates...

A shrinking number of homes for sale has led to a massive surge in home prices in the U.S. According to a new report from The National Association of Realtors, existing-home sales climbed 21 percent in September on a year-over-year basis. This strong demand from buyers pushed home prices 14.8 percen...

For the first time in nearly five months, the sales rate of newly constructed homes has declined. September saw a 3.4 percent decline from the prior month to a seasonally adjusted annual rate of 959,000 units. This latest data comes from the U.S. Census Bureau and the Department of Housing and Urban...

It seems oxymoronic that America’s Finest City’ is also one of America’s rattiest. According to a new report from Orkin, an Atlanta-based pest control company, the San Diego metropolitan area has been ranked among the 50 ‘rattiest’ cities. San Diego’s inclusion in the rat-pack is based on new rodent...

The COVID-19 pandemic has driven Americans’ desire to transition from renter to homeowner. According to a new report from the National Association of Home Builders, the share of Americans who are considering purchasing a new home in the next 12 months was 13 percent as of Q3 2020. This is an increas...

Homeowners with FHA-insured mortgage previously had until October 30 to request a forbearance on their loan from their lender. Now, they have until December 31. In an announcement from The Federal Housing Administration and the U.S. Department of Housing and Urban Development, the date extension is...

The median price of a home in California is now more than $700,000 according to a new report. This is the second consecutive month prices have surpassed that amount, reaching $712,430 as of September. This is a 0.8 percent increase from August’s $706,900 and up a whopping 17.6 percent from last year...

In a typical year, the traditional home buying season is spring through summer but 2020 has been anything but typical. According to the California Association of Realtors, September home sales climbed to their highest level in more than a decade. Closed escrow sales of existing, single-family homes...

Only once before has an index measuring home builder confidence in the future of the housing market topped a reading of 80 – that was September’s reading of 83. October seems to have raised the bar once again with a reading of 85. This is according to the National Association of Home Builders/Wells...

As more sellers come back to the market after a month's long retreat due to the pandemic, the volume of homes for sale is climbing in some regions. According to data from Realtor.com’s Weekly Housing Report, more homeowners listed their properties for sale last week than the week prior. Nonetheless,...