Aramco Report

The Blog
Over 11 million Americans are expected to move in Q2

Home demand is widely expected to continue to remain elevated as spring transitions to summer. In a new study from Audience Town, a real estate, moving and home-centric advertising platform, more than 11.7 million Americans are expected to relocate in Q2 2021. “People move because of life events, a...

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Some states offer student loan incentives to new home buyers

States are in search of young talent and are willing to pay for it. According to a new report from Realtor Magazine, incentives for new professionals to relocate are popping up everywhere. In Illinois and Maryland, for example, programs are available that will pay off student loan debt for young ad...

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Calif. home prices reach new record

Intense demand for housing in California continues to result in higher home prices across the state. According to a new report from the California Association of Realtors, median home prices in the Golden State reached a new record high as of last month. Despite this, the increase in prices has done...

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New report shows just how bleak housing shortage is

The U.S. needs 3.8 million new homes and it needs them now. According to an analysis released last week by Freddie Mac, the housing deficit nationwide has risen by 52 percent since 2018 with entry-level priced homes experiencing the most severe shortage. “We should have almost four million more hou...

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Homeownership is more lucrative that work in many areas

While the startling increase in home prices is troublesome for buyers looking to secure a new place to live, it is resulting in a significant source of wealth for owners. According to a new report from Point2Homes, home price appreciation is exceeding salaries in at least 15 of the most competitive...

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California homes cost more than double the national average

It is almost universally understood that The Golden State isn’t a cheap place to live. When compared to other states, California not only has higher than average home prices but data shows that typical homes cost more than double that similar homes elsewhere in the U.S. Generally speaking, in areas...

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Will the housing bubble burst soon? Google it.

With so many people relocating due to the pandemic allowing them to detach from the office and Millennials entering the housing market at a higher rate, home values are ballooning. Record low mortgage rates are furthering in the increase. But the question that is on the minds of so many is are we in...

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Calif. mansion sells at auction for record $51 million

Setting a record for the most expensive home ever sold in an auction, a mansion in Beverly Park, California has once, twice, gone for $51 million. The estate known as the Villa Firenze is a 28,600 square-foot, Italian-inspired mansion originally listed for sale for $165 million back in 2017, as repo...

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Homeowners remodeling to make living spaces more workable

When the coronavirus pandemic finally comes to an end, chances are there will be permanent changes in how Americans live and work. And homeowners seem ready to invest in that future as seen in the surge of home remodels that incorporate work-from-home spaces. As a result, confidence among remodeler...

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San Diego buzzing with homebuying activity this spring

The Greater San Diego Association of Realtors is reporting that home buying season has kicked off with a bang. An easing of COVID-19 restrictions and a continuation of favorable mortgage rates is driving many buyers in San Diego County to join in on the buying spree. Completed home sales for detach...

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