Aramco Report

The Blog
Financial woes leading to more moves for young adults

When college campuses closed last spring as a result of the spread of the coronavirus in the U.S. many young adults were forced to relocate. They joined many others who decided to move to stay safe and healthy during the pandemic. These days, while staying safe remains a priority, more Americans are...

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Mortgage delinquencies return to pre-pandemic levels

The number of homeowners who have fallen behind on their house payments has slowly declined over the last few months and finally returned to pre-COVID levels as of November 2020. According to data from CoreLogic’s Loan Performance Report, 5.9 percent of home loans in the U.S. were 30 days or more pa...

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Outdoor space of growing importance when sheltering at home

Current homeowners and those looking to buy a home have moved the importance of having suitable outdoor space higher up on their priority list during the coronavirus pandemic. As more are forced to work and learn from home, The National Kitchen & Bath Association reports a 65 percent surge in intere...

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Nearly half of first-time buyers surprised by their buying power

For better or worse, many first-time homebuyers may be surprised at what kind home their buget allows them to afford. According to a recently released survey by Realtor.com via HarrisX, forty-seven percent of first-time buyers were surprised at their buying power. “The dramatic decline of mortgage...

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Experts warn that spring home buying likely to be fiercely competitive

With mortgage rates remaining near historic lows and demand from first-time buyers looking to transition out of rentals, this spring’s home buying season is expected to be just as competitive as ever for home buyers. “Demand for housing was already strong coming into the year and we don’t see that...

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San Diego homeowners see big gains in equity

With the going rate for homes climbing higher and higher, homeowners are seeing their property values increase at substantial rates. According to ATTOM Data Solutions’ 2020 U.S. Home Equity & Underwater Report, 17.8 million homeowners nationwide are considered equity-rich, meaning that the combined...

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Add it to your pandemic vocabulary: “cloffice”

When going to the office is suddenly off limits and the kids are sent home from school, the home can get a little crowded. Finding a place to work and learn within the house can be a challenge for people tight on space. Enter the “cloffice”. This combination of the words closet and office is the la...

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Millions of renters are behind on payments

The economic turmoil brought on by the pandemic is taking its toll on both renters and their landlords. Approximately 18 percent of renters in the U.S. were behind on their payments as of January. This represents about 10 million households. According to a report from Moody’s Analytics and the Urba...

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CoreLogic: 2020 housing market exceeded expectations

Looking back at how the housing market fared amid the coronavirus pandemic, CoreLogic’s Home Price Index and HPI Forecast for December 2020 shows a lot of good. According to the data, the housing market exceeded expectations in several categories including closing out the year with the highest annua...

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Homeownership rate climbs in 2020

In another sign that the pandemic has had very little impact on the housing market, 2020 saw a surge in new household creation. While the price increases in homes across the U.S. has left some would-be buyers unable to afford to move, low mortgage rates are helping others achieve their dream of home...

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