Aramco Report

The Blog
Home seller profits make more annual gains

The profit being realized by those selling their homes rose again in the first quarter of 2020. ATTOM Data Solutions Home Sales Report shows that typical home sales in Q1 generated a profit of $70,050 for sellers. While this is down from the $75,750 realized in the last quarter, it remains a stagger...

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Baby boomers migrating to San Diego

Data from the Federal Reserve shows that America’s baby boomers are wealthier than their younger counterparts. This has allowed a growing number of seniors to relocate to cities often considered too pricey for first-time buyers. According to a new report from LendingTree home buyers born between 1...

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Community more than important than ever to home buyers

When it comes to selecting the right home, a growing number of buyers are finding that the neighborhood is as important as the property itself. According to Bank of American’s 2021 Homebuyer Insights Report, 51 percent of home buyers between the ages of 18 and 43 say that community has become more i...

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The “trophy tree” is growing status symbol for wealthy homeowners

They say money doesn’t grow on trees but it can certainly buy them. In a recent report from The Wall Street Journal, what has been dubbed as the “trophy tree” is a new status symbol for homeowners with deep pockets. Because new homeowners don’t want to wait years for newly planted trees to grow in...

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California home prices set new record

Last month saw record-high median home prices across every region of the Golden State, according to new data including double-digit increases in many areas. According to the California Association of Realtors, all 51 counties posted a gain in median home prices on a year-over-year basis, with 45 of...

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Housing expected to remain competitive as builders remain short-handed

The housing market has been burdened by a chronic shortage of homes for quite some time now and a new report finds that the future doesn’t look much brighter. According to the Home Builders Institute, the construction industry is facing a staffing shortage to the tune of 200,000 workers. Polls show...

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The Western White House is up for sale

President Richard Nixon’s former compound, referred to during his administration as The Western White House, is back on the market for $65 million. The Spanish Colonial Revival-style estate features nine bedrooms and 14 bathrooms across 15,000 sqaure feet. The San Clemente, Calif. property was purc...

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Hispanic homeownership reaches record levels

The homeownership rate among Hispanics climbed to a record setting level in 2020, according to newly released data. While Hispanic households comprise about 18 percent of the U.S. population, they have accounted for more than half of the nation’s homeownership growth since 2011. This latest data is...

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Home prices hit new record in March

As the shortage of homes and high demand continue, it has pushed the median sales price higher than ever. According to a new report from the National Association of Realtors, the median existing sales price climbed 17.2 percent in March from a year earlier to $329,100. This is a record high and the...

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Green homes boost buyer interest

As Americans become more conscience about their environmental impact, real estate professionals are realizing that eco-friendly features on a home are an attractive selling point. According to a new poll from the National Association of Realtors, more than half of home buyers report that they are in...

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