Aramco Report

The Blog
Homes are getting bigger, by popular demand

Builders are constructing homes bigger than they have in years, largely in response to the desires of their consumers. Since the outset of the coronavirus pandemic, Americans have sought more space so they could have room at home to live, work, learn and play. According to a new report from the Nati...

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Legislation proposes new 20-year mortgage for first-time home buyers

In another creative way to spur first-time homebuying in the U.S., lawmakers have introduced another bill in the U.S. House of Representatives called the “Low-Income First Time Homebuyer (LIFT) Act”. The legislation would create a program through the Department of Housing and Urban Development that...

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Housing market expected to cool off this fall

All year long has felt like a red hot summer for the housing market. Prices surged in unprecedented ways, demand for housing hit all-time highs and sellers were seeing record profits. But according to experts, a cooling Autumn is headed our way. “The fever in the housing market has broken,” said Al...

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List prices of homes for sale reach new high

The price sellers are asking for their homes hit a new record last month. According to Redfin, asking prices of newly listed homes were up 12 percent during the four-week period ending September 26, compared to the same time last year. As asking prices continue their upward trek, pending sales were...

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Survey: seniors have strong sentimental attachment to their homes

Backyard barbeques, Thanksgiving dinners and birthdays are just some of the memorable events happening at the homes of Americans across the country each year. Over time, the memories of these gatherings culminate in the recognition that a home is a place of familial significance. So, it is no surpri...

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Home price growth sets another record

For the fourth consecutive month, the rate at which home prices increased in July hit a new record high. According to the latest S&P CoreLogic Case-Shiller National Home Price Index released this week, home prices rose 19.7 percent on a year-over-year basis. This is the highest annual rate of price...

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Younger homeowners embrace the short-term rental concept

As the popularity of short-term rentals soared during the pandemic, research shows that young homeowners are leveraging this popularity to generate additional income. Realtor.com has found through a survey that as many as 32 percent of homeowners have experimented with different ways to use their pr...

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New construction sales beat expectations

The sales rate of newly built homes turned out to be better than expected in August as home builders increased inventory. The U.S. Census Bureau and Department of Housing and Urban Development reported last week that sales of new homes climbed 1.5 percent last month to a seasonally adjusted annual r...

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Home prices moderate in San Diego in August

For the second month in a row the median home price in San Diego county took a slight dip, according to new data. CoreLogic/DQNews reports that the median home price in the region was at $725,000 as of August. The peak of home prices in San Diego reached a peak of $749,750 in June and have slowed do...

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Reverse mortgages may make long-term care more affordable

Numerous studies have shown that seniors have a strong desire to age in place. As Baby Boomers grow older, finding long-term care at home is growing more important. However, paying for such care is costly and many senior citizens living on a fixed income struggle to be able to afford. Fortunately, m...

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