Aramco Report

The Blog
Report: discrimination in housing market still rampant

According to a new report from the National Association of Realtors released last week, black homebuyers in the U.S. are far more likely to have their mortgage applications rejected than white homebuyers. The report which analyzed data from the U.S. Census Bureau’s American Community Survey as well...

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Volatile lumber costs driving home prices higher

The price of lumber is up 170 percent over the past 10 months to a new record high. As a result of this soaring cost, builders are raising the prices on newly built homes. According to the National Association of Home Builders, tariffs on Canadian lumber builders are adding thousands of dollars to t...

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How working from home could impact your tax return

Millions of Americans found themselves suddenly working from home last year. This meant that ordinary expenses like printer ink, electricity to power up your laptop and other expenses associated with your home office are coming out of your pocket. As tax season arrives, accountants are scrambling to...

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First 3D-printed home in U.S. up for sale

Something really big is happening in the small town of Calverton, New York. A 3D-printed home, being called the first home in the U.S. built by robots, has hit the market for the bargain price of $299,000. The developers, construction firm SQ4D believes 3D-printed homes could help solve the housing...

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Report: More home buyers looking for eco-friendly properties

At its virtual 2021 International Builder’s Show last week, the National Association of Home Builders showcased its green building materials saying it is becoming more important to buyers. According to a study by the NAR of 3,000 home buyers, energy efficiency is one of the primary home buyers prefe...

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Double-digit home price increases see most U.S. markets

The cost of buying a home is getting more expensive all around the nation and in the vast majority of the housing markets in the U.S., those price increases are crossing in to double-digit territory. According to a report from the National Association of Realtors, 88 percent of the 161 major metropo...

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Federally backed mortgages get forbearance extension

As expected, the Federal Housing Finance Agency announced last week that it would extend forbearance programs for homeowners with federally-backed mortgages. Those with Fannie Mae and Freddie-Mac loans will be offered the option to extend deferment of their monthly mortgage payments for three months...

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Foreclosures plummet 80% in one year

The coronavirus pandemic has thrown the housing market for a loop with many staggering changes in home prices, sales and mortgage rates. But perhaps one of the most radical changes observed throughout the pandemic has been the figures related to home foreclosures. According to ATTOM Data Solutions’...

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Demand for newly constructed homes grows in 2020

Move-up buyers have their eye fixed on new-home construction at a rate not seen in years and builders are trying to keep up. According to a new report from the National Association of Home Builders, single-family housing starts ended 2020 with the best year in home building since the Great Recession...

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7-figure home searches climbing on Redfin

The number of users of the online real estate tool Redfin that searching exclusively for homes priced over $1 million is on the rise. According to new data released by the site, 10.8 percent of saved searched filtered for homes above $1 million in January, up from 8.5 percent a year earlier and the...

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