Aramco Report

The Blog
Relief may be on the way for those shopping for newly built homes

The rising cost of lumber has driven the price of new homes higher over the last few years but a new report shows that some relief may be on the way. Research firm Zonda noted in a report last week that lumber futures are showing signs of stabilizing and even decline, suggesting that prices for newl...

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Red home, blue home

In a newly released special political housing analysis, ATTOM Data Solutions reported that there appears to be a correlation between a home’s value and whether it is in a Democrat or Republican controlled county. According to the study, homes in Democrat-controlled counties around the nation appear...

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Racial disparity in home values

The gap in home values in predominantly white neighborhoods compared to minority neighborhoods has doubled over the last 40 years, according to a new report. Oxford University Press published a study that shows the difference between the average home appraisal in white neighborhoods and those that a...

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For most, nearly all wealth comes from homeownership

Homeownership continues to be the primary way Americans build up their net worth. According to a new report, the ownership of a primary residence typically accounts for 90 percent of a household’s total wealth. This is based on a 2019 Survey of Consumer Finance data as reported by the National Assoc...

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New construction projects stagnant

Construction spending during the month of September remained relatively flat, even as demand for new housing developments continues to break records. According to data from the U.S. Census Bureau, total expenditures on new construction projects in September was just 0.3 percent higher than August....

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U.S. residents split on which candidate will be better for housing

When asked their opinion of which presidential candidate will be better for the future of the housing market, Americans are nearly evenly split. Forty percent of U.S. residents believe that Donald Trump will be better for the housing market than Joe Biden, while a comparable 37 percent believe that...

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Total home values in U.S. surge to new high

Home values have been on an upward swing for a few years now but the gains made in 2020 are dwarfing anything seen before. The total worth of U.S. homes climbed to a whopping $31.4 trillion in October, up from $29.4 trillion in February. The $2 trillion increase, as reported by Redfin, is higher tha...

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Homes with haunted pasts lead to eerie home values

As American’s third favorite holiday, behind only Christmas and Thanksgiving, people across the country are fascinated with the spooks, thrills and sweets the day brings. In fact, according to a poll from the Pew Research Center, nearly 30 percent of Americans report they have been in touch with som...

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Low rates lead to more affordable mortgages

The amount of money Americans fork over each month for their mortgage is getting smaller according to a new report. As mortgage rates in the U.S. continue to hover near all-time lows, home buyers and those refinancing are finding that their mortgage payments are more affordable. Low mortgage rates...

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Home prices skyrocket as buyers clamor over limited stock

A shrinking number of homes for sale has led to a massive surge in home prices in the U.S. According to a new report from The National Association of Realtors, existing-home sales climbed 21 percent in September on a year-over-year basis. This strong demand from buyers pushed home prices 14.8 percen...

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