Aramco Report

The Blog
More rental assistance on its way to Californians

Federal relief dollars have made their way to the Golden State. California Governor Gavin Newsom signed AB 832 into law last week which allocates money to the state’s rental assistance program for housing providers with qualified tenants. The law is expected to provide reimbursement up to 100 percen...

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Home remodeling projects are getting pricier

It was more than just binge-watching TV shows or online shopping. One of the other major trends from America’s lockdown over the past year has been to take on home improvement projects. But as the popularity of this new hobby grows, reports are showing that the costs associated with making upgrades...

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San Diego sees second highest home price growth in U.S

April saw the highest annual rate of home price growth since tracking first began in 1987. That is according to the S&P CoreLogic Case-Shiller National Home Price Index. Home prices across the U.S. continue to surge as historically low mortgage rates motivate people to buy homes and limited selectio...

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Home buyers waive contingencies to win bidding wars

With such fierce competition over the few available homes for sale, home buyers are looking for ways to sweeten the deal for sellers in hopes that their offer will be accepted. One of the ways they are hoping to grab a seller’s attention is by waiving appraisal and inspection contingencies. Accordi...

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Are SoCal’s high home prices scaring buyers?

A plain reading of the data will tell you that home buying for May 2021 is up a unbelievable 95 percent from last year. But when recalling that the real estate market practically came to a standstill as the U.S. was placed on a virtual lockdown, it makes sense. Rather, what is concerning experts is...

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Home builders target online shoppers

Amazon’s Prime Day may be over but there are still plenty of opportunities to have some retail therapy online, including buying a brand-new home. Homebuilders are rolling out programs that allow buyers to purchase a newly constructed home, design its interior and secure a loan, completely online. Th...

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Moratorium on evictions extended through July

The Centers for Disease Control and Prevention announced last week that the Biden Administration has authorized an extension of a moratorium on the eviction of tenants who have fallen behind on rent payments due to the pandemic. The extension is a continuation of a freeze on evictions that began ear...

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‘Whisper listings’ becoming more common in hyper-competitive housing market

Online real estate site Zillow is reporting that homes for sale in the month of May stayed on the market for an average of just six days before being put under contract. During those six days, listings are often getting multiple competing offers. But some listings aren’t for everybody. According to...

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Mortgage refinances are on the rise

Applications to refinance a mortgage increased for the second consecutive week, driving a surge in overall mortgage activity for the week ended June 18. This latest data comes from the Weekly Mortgage Applications Survey from the Mortgage Bankers Association. Mortgage applications rose 2.1 percent...

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Remodeling spending hits new record

Americans are spending more money on remodeling their homes than every before. This is according to a new report from Houzz, which polled more than 70,000 homeowners on their renovation habits. Home improvement budgets have increased by 15 percent over the past year to a median of $15,000 per househ...

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