Aramco Report

Wildfires along the west coast of the U.S. continue to wreak havoc on communities from Washington to Southern California. With more than 4.5 million residential properties considered to be in high risk wildfire zones, an estimated $3.3 trillion in home values could be in jeopardy. Still, that hasn’t...

Foreclosures in the U.S. ground to a halt as the nation grappled with the sudden onset of the coronavirus pandemic. And while many lenders have resumed repossessions, foreclosure filings remain 81 percent lower than they were a year ago. According to ATTOM Data Solutions Q3 2020 U.S. Foreclosure Ma...

An increased cost to construct is causing the price of a new home to soar. Rising lumber costs in particular have added more than $16,000 to the typical cost of a new single-family home according to a new report. The National Association of Home Builders is reporting that more than 2.1 million U.S....

For the tenth time this year mortgage rates have fallen to a new record low. According to Freddie Mac’s weekly Primary Mortgage Market Survey, the average rate for a 30-year fixed rate mortgage dropped during the week ending October 15. This is another new low following the previous record hit last...

A continuation of low mortage rates and high demand from Millennials for new homes should create a booming real estate market in California next year. This prediction comes from the California Association of Realtor’s “2021 California Housing Market Forecast” report. Economist uncertainty due to the...

While millions of Americans are still out of work and the rollercoaster ride the stock market is putting middle-America through has made 2020 all the more challenging, the rich appear to be getting richer. According to a new report from research firm Wealth-X, the net worth of the wealthiest America...

Even as home prices experienced a record-high growth of 12.9 percent over the last year, home buyers haven’t lessoned their demand. In fact, homes are selling almost as quickly as ever with no signs of slowing down any time soon “While buyers would normally begin to hunker down this time of year, w...

As more Millennials come of age, the demand from that generation for new homes is rising rapidly. The combination of the pandemic and the current favorability of mortgage rates is driving this demand even higher. According to a new survey conducted by Realtor.com and HarrisX, 68 percent of home buye...

The median sale price a home in the U.S. saw its largest increase ever in last week according to new data. A report from Redfin analyzing information from the Case-Shiller national home price index showed that prices jumped 15 percent year-over-year during the week ending October 4. This beats the p...

In the early days of the coronavirus pandemic when nearly 1 in 5 businesses was closed per government order, real estate professionals continued to work as an essential business. Now, a new survey conducted in mid-August by States Title, shows that industry employees say they have had to compromise...