Aramco Report

The Blog
Property tax revenues climb in 2020

In a new report analyzing nearly 87 million homes in the U.S. that had property taxes due last year, it was found that the average tax bill due the largest in years. In total, ATTOM Data Solutions reports that $323 billion in property taxes were levied on single-family homes in 2020. This is up 5.4...

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Competition is high among both buyers and agents

Buyers have been clamoring over the few homes available for sale, leading to intense bidding wars and records in home prices. But that spirit of competition is also extending to their agents as well. According to the National Association of Realtors, in most markets nationwide there are nearly two r...

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1 in 10 Americans are living in a new home

According to a recent survey from Zillow, more than 1 in every 10 Americans report moving at some point within the last 12 months, whether by choice or by circumstance. This surge in Americans living in their current home for less than a year has been affectionately termed the Great Reshuffling, Ap...

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“The Godfather” home up for sale in Beverly Hills

The Hearst estate, a Mediterranean Revival-style mansion is up for sale in Beverly Hills with a price tag of $89.75 million. The mansion is best known as the backdrop for scenes from “The Godfather” but also has ties to William Randolph Hearst and John F. Kennedy. The asking price makes it one of t...

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Experts: Housing inventory levels remain concerning

There are currently 40 percent fewer homes on the market than there were last year. This is directly attributable to a sharp increase in home prices and a primary concerns of housing industry experts who warn that this could have long term implications. According to a report from Black Knight, year...

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Climate change could reshape housing market

More Americans are paying more attention to the likelihood of natural disasters where they live and are taking that in to consideration when planning their next move. According to a new survey from real estate brokerage Redfin, approximately 80 percent of 2,000 respondents say that the risk of a nat...

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Home sale prices reach record high

The cost of purchasing a home has been on an upswing since early 2020 but according to a new report, they have finally hit a new record. Redfin has reported that median home-sale prices are now 17 percent higher than they were a year ago at $335,613. This is a new record says the online real estate...

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New predictions about the housing market in a post-pandemic America

In a new report forecasting the future of the housing market once the pandemic is over in the U.S., Redfin Chief Economist Daryl Fairweather highlights some impending changes on the horizon. Among the trends noted in his “Five Ways the Housing Market Will Change After the Pandemic,” report, Fairweat...

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Entry-level home values grew the most last year

In the majority of major metropolitan markets in the U.S., homes that are considered to be entry-level for first time buyers grew much faster than more expensive properties. This is according to a new report from Zillow. While the housing market is hot across the board, demand from first-time buyer...

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Despite recent increases, homes still affordable by historic standards

Although home prices have risen sharply over the last year, a new report suggests that when looking at affordability from a historic perspective, buying a home is still accessible to many. ATTOM Data Solutions’ 2021 U.S. Home Affordability report, released this week, shows that median home prices in...

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