Aramco Report

The Blog
Home prices rising by double digits

Home prices across much of the U.S. have continued to see a sharp increase as mortage rates remain low and buyers compete for the limited selection of homes for sale. The demand for housing continues to defy historic norms as Americans continue to be impacted by high unemployment and a global pandem...

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Unsecured debt holding back potential homeowners

With so many college students graduating with tens-of-thousands of dollars of loans, taking on a mortgage may seem to many of them like a dauting prospect. According to a new report from the National Association of Realtors, 47 percent of potential homebuyers say student loan debt is the biggest obs...

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Consumer confidence in housing sees uptick in October

Americans are feeling more optimistic about buying or selling a home than they have all year. Fannie Mae’s Home Purchase Sentiment Index for October shows that the index has recovered over 60 percent of its COVID-19 related loss as of last month. However, the report also suggests that the impact of...

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Government’s response to pandemic impacting home buyers

How Americans feel about their local governments response to the ongoing coronavirus pandemic is factoring in to their desire to move or stay put. A recent survey conducted by Redfin of more than 3,000 U.S. residents during the month of October, shows just over 1 in 4 respondents are unhappy and dis...

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Home buyer tastes changed in 2020

There has been an apparent and radical shift in home buyer tastes and desires in 2020 as a global pandemic caused Americans to rethink their way of life and what kind of place, they call home. According to the National Association of Realtors’ 2020 Profile of Home Buyers and Sellers, buyer preferenc...

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Mortgage fraud on the rise in U.S.

Cases of mortgage fraud are on the rise in U.S. as lenders grapple with limited capabilities during the coronavirus pandemic. For the 12 months ending mid-2020, CoreLogic’s newly released Mortgage Fraud Trends Report shows that there was a 74 percent jump in fraud risk in buyers of investment proper...

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Veteran homeownership rate on the rise

As America celebrates its veteran hero's this year, members of the armed forces are enjoying homeownership at a greater rate than in years. The increasing rate of homeownership among military personnel is in part due to the versatile loan process available through the Veterans Administration. For ma...

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Homes selling in the blink of an eye

The winter months are generally known as the time of year when the housing market cools down, buyers face much less competition and sellers are willing to negotiate on price to unload their properties faster. But like much else in 2020, that isn’t true this year. According to a new report from Real...

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Lenders offering assistance to minority homebuyers

After years of seeing a growing disparity in homeownership rates between the races, banks are beginning to take action to correct this. Many mortgage lenders have rolled out programs this year to help increase home buying opportunities for Black Americans in ways unseen before. Black home buyers ha...

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Mortgage rate hit another record low

The average rate on a 30-year fixed rate mortgage dropped to another record low last week. This is the twelfth time this year that mortgage rates have dropped to new low, according to Freddie Mac. Current mortgage rates are now well below last year's levels and expected to maintain their low levels...

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