Aramco Report

The Blog
Home maintenance catches many buyers off guard

The house hunt, the loan approval, the paperwork and the packing. All these tasks are a part of the home buying process but according to a new survey, the real work happens after you move in. HomeAdvisor recently conducted a survey of 1,000 homeowners to learn more about their most and least favorit...

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Housing affordability continues to improve

For the second month in a row, homes in the U.S. became more affordable. According to the National Association of Realtor’s Housing Affordability Index, housing affordability improved in August as the average monthly mortgage payment dropped by 1.1. percent. The recent improvement in affordability...

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San Diego surpasses Los Angeles in home unaffordability

California continued to dominate the list of the nation’s most unaffordable housing markets according to multiple sources. But one of the surprises from OJO Labs new report is San Diego overtaking Los Angeles in unaffordability as of September. The report shows that San Diego’s median home sold pr...

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Americans who live far from the office are more content

One of the most surprising trends observed during the coronavirus pandemic was the number of Americans who relocated to suburbs further away from the office, taking advantage of the lack of commute as they were allowed to work from home. Rural towns saw a surge in homebuying volume as work-from-home...

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Home buying season may be over but now is the best time to make a move

Americans often associate home buying season with the late spring and summer. While that is generally the peak of home sales, savvy buyers know to wait for the competition to lessen and now there is data to support this. ATTOM has conducted an analysis of the best time of the year to buy a home and...

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Home building continues to be stifled by supply shortages

Home builders have the spirit to bring more homes online and the motivation that comes from unprecedented demand. But they lack one essential component – the supplies to get it done. According to a recent survey conducted by the National Association of Home Builders, nine out of every ten home build...

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Potential home buyers may soon find a good time to make their move

A variety of changing circumstances all suggest that the housing market may be cooling down. New listings are climbing, mortgage rates remain low and competition seems to be coming to a slow. These factors could give hopeful buyers who previously felt shut out of the housing market a chance to make...

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San Diego home sales down over 16 percent

Home sales fell across the country at rate of 14.9 percent compared to last year, according to new data from the National Association of Realtors. San Diego followed suit and even exceeded the national average with a 16.1 percent decline in closed sales for single-family homes in August. The drop in...

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Refinance volume remains high as rate stay low

The refinance market remains high as rates continue to hover just above all-time lows. According to new data from ATTOM, lenders refinances over 2.23 million home loans in Q2 2021. This is a 26 percent year-over-year increase. As many homeowners continue to qualify for sub-three-percent home loans,...

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Demand for vacation homes crater after unprecedented surge

The demand for a vacation home surged in the first year of the pandemic – skyrocketing 172 percent – as Americans sought an escape during a time when most public vacation destinations were shuttered. As COVID-19 restrictions started winding down, this demand saw a sharp decline. According to data fr...

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