Aramco Report

The Blog
2022 housing market starts off high

The housing market that boomed in 2021 spilled over in to 2022. According to the National Association of Realtors, existing home sales reached their highest level since 2006 and show very few signs of slowing down. Home buyers are acting quickly this year to take advantage of historically low mortga...

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Housing affordability at 10-year low

Home price increases outpacing wages by leaps and bounds has caused housing affordability to fall to a 10-year low. According to the National Association of Home Builders/Wells Fargo Housing Opportunity Index, just over half of new and existing homes sold between October and December were affordable...

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Homebuyers are leveraging stimulus money to cover down payments

While government funds sent to taxpayers in the last year was meant to be spent on shopping, dining out and to reinvigorate the travel industry, some recipients of these funds are finding other ways to stimulate the economy, including by purchasing real estate. According to a recent survey conduc...

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Limited inventory is leading to homes flying off the market

The rate that homes in the U.S. are selling is faster now than it was a year ago. This comes as the number of homes on the market are fewer than ever seen before. According to the National Association of Realtors, December 20212 saw existing housing inventory fall to an all-time low with a 28 percen...

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Stick to neutral colors if you’re trying to sell your house fast

The color green may have been considered the trendy shade to paint doors, walls and furniture in the last couple of years and TikTok DIY’s highlight how attractive this can be in some cases. But when it comes to the real estate market, design experts say home sellers should stick with what appeals t...

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Sky high home values making homeowners equity rich

The number of homeowners in the U.S. who are equity rich is on the rise. As of Q4 2021, 42 percent of Americans with a mortgage were considered equity rich. This means that the amount of money they owe on their home is no more than half (50 percent) than the property’s market value. ATTOM reporte...

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Americans are paying more for home repairs

You’ve accomplished the American Dream: you’re a homeowner. While this major achievement is worthy of celebration, new homeowners should also be mindful that saving for the down payment was only the beginning. It costs money to maintain a home and according to new reports, that cost is increasing....

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Seniors may have more resources to retire than they think

Those who are contemplating retirement and those who done so already have faced a series of challenges toward achieving this milestone. The Great Recession 15 years ago hit savings accounts hard, recent inflation spikes are increasing the cost of living and making ends meet on a fixed income is hard...

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Report: Current market conditions are leading to homebuyer stress

With housing prices rising at such a fast click and homes being snatched off the market before some buyers have even had a chance to see them, house hunting has grown to be a much more tense experience than it used to be. According to a study from Realtor.com, nearly 75 percent of recent homebuye...

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Millennials are on the move

Driven by a plethora of job opportunities, remote work and other lifestyle changes in the last two years, more millennials are moving. According to the State of Homeownership Report released by Matic, an insurance technology platform, 33 percent of homeowners under the age of 30 say they plan to sel...

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