Aramco Report

The Blog
Calif. home sales finally see an increase

It’s been a long-time coming, but the California housing market finally saw an increase in home sales in July. For the first time in a year, CoreLogic reports that 42,432 new and existing homes and condominiums in California exchanged hands in during the month, a 5.1 percent increase from June and 1...

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Mounting debt keep needle from moving on home-ownership

Share The high cost of living alone would be enough to keep many American households from being able to afford a home. When combined with credit card payments, student loan debt and stagnant wages, the obstacles on the road to homeownership become seemingly insurmountable. In a new survey conducted...

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Home building climbs to highest level in 11 years

The Commerce Department announced last week that home building in the U.S. increased in August to its highest level since June 2007. Home construction has lagged behind demand for new homes for several years resulting in skyrocketing home prices. This latest data is a positive mark on the overall ho...

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Home flipping in U.S. climbs in Q2

The number of investors in the U.S. flipping homes for a profit climbed during the second quarter of 2019 but data suggests that the practice is growing less profitable. ATTOM Data Solutions released its Q2 2019 U.S. Home Flipping Report last week which showed 59,876 single-family homes and condos w...

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Home equity levels increase in Q2

The gain of wealth from owning a home in the U.S. appears to have no end in sight. Homeowners’ equity in their properties increased again during the second quarter of 2019 according to a new report. CoreLogic’s quarterly Homeowner Equity Insights Report shows an aggregate increase in equity levels o...

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Getting a mortgage with bad credit

The desire to become a homeowner is not unique to those with stellar credit. With demand for housing at it’s highest levels in decades, some lenders have returned to offering mortgages for a wider variety of consumers, including those who have sub-par FICO scores. Borrowers with credit scores in th...

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New-home sales re-approaching 12-year high

Low mortgage rates appear to be propping up the U.S. housing market as seen in a resurgence of new home sales in August. According to the Department of Commerce, sales of newly-constructed homes increased 7.1 percent on a month-over-month basis to a seasonally adjusted annual rate of 713,000, just s...

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Zillow to offer home trade-ins, like cars

Many don’t find car shopping to be the most pleasant experience but the idea of simply turning in the keys and upgrading to a new model is an exciting concept. So much so, that online real estate site Zillow is in talks to make changing your home just as easy. Zillow is partnering with home builder...

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2019 mortgage originations projected to be highest in 3-years

Mortgage rates at their lowest levels since 2016 will push mortgage originations in the U.S. to a three-year high by the end of the year according to a new forecast. The Mortgage Bankers Association predicts that the combined purchase and refinance originations for 2019 will top $1.9 trillion. Sale...

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74 percent of U.S. housing market unaffordable for average wage earners

A cooling off the housing market has not translated to more affordable homes for the average household in the U.S. ATTOM Data Solutions reported last week in its Q3 2019 U.S. Home Affordability Report that homes in 371 of 498 U.S. counties analyzed are simply too expensive for average wage earners....

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