Aramco Report

California remains unchallenged in its top spot as the most expensive housing market in the U.S. And while many may think the most expensive zip code is also the name of a famous 1990’s TV show, it’s not. Atherton, California, home to tech-titans like Google’s CEO, boasts a median home price of $7.0...

Home sales in the U.S. climbed last month according to new data, marking the fourth consecutive month of the past six to increase on a year-over-year basis. According to information from the RE/Max National Housing Report, sales rose 3.9 percent in October. “October continued a recent win streak fo...

The housing market in San Diego is maintaining its long-held position as a sellers' market. According to Zillow, nearly one in five homes for sale in San Diego saw a price cut in September. This is down from nearly one in four during the same month last year. It appeared the San Diego was in for a...

In a survey of 1,850 Americans by home improvement resource Improvenet, just over half of consumers say their home is only partly decorated to their satisfaction. Many homeowners say that they envision how they will decorate or furnish their home when house hunting, but those dreams fall by the ways...

Despite a small dip in November’s reading, homebuilder confidence is currently at its second highest level of 2019 and 10 points higher than it was last year. The National Association of Home Builders and Wells Fargo’s Housing Market Index fell 1 point this month to a reading of 70. The nation’s low...

There are currently more adults in Nevada that were born in California than were born in Nevada. That’s according to Robert Lang, executive director of Brookings Mountain West at the University of Las Vegas. Over 50,000 Californians relocated to Nevada between July 2017 and July 2018. This is the se...

Americans are forced to fork over more money to buy homes, resulting in mortgage balances reaching a record high. Mortgage debt increased to $9.44 trillion during Q3 2019. The New York Federal Reserve reported in its Quarterly Report on Household Debt and Credit that mortgage balances rose by $31 bi...

Purchases of new homes will rise to their highest level since 2007 according to a forecast made by the National Association of Realtors’ Chief Economist, Lawrence Yun. Specifically, he anticipates a 11 percent increase to 750,000 units. “Some loosening in inventory will happen in 2020, and so we exp...

The share of potential home buyers who believe that finding the perfect home will get easier in the months ahead has increased from 19 percent to 21 percent, according to a new report. The National Association of Home Builder’s Housing Trends Report for the third quarter of 2019 shows that the numbe...

The Federal Housing Administration’s Mutual Mortgage Insurance Fund, the portion of the FHA that handles reverse mortgages, saw a nine-digit increase in value over the past year. Although the capital ratio of the overall portfolio remains negative, the $7.7 billion increase since 2018 marks a 50 per...