Aramco Report

The Blog
FHA announces forbearance extension

The Department of Housing and Urban Development announced last week that it would be extending the deadline for borrowers with mortgage loans backed by the Federal Housing Administration to apply for and receive forbearance. The acting HUD Secretary, Matthew Ammon shared that FHA loan borrowers im...

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Down-payment biggest obstacle toward homeownership

Coming up with the cash to purchase a home remains the biggest obstacle toward achieving homeownership. This is especially true for first time home buyers looking to transition from renter to homeowner. According to a new report from Realtor.com, for a San Diego renter paying $2,000 a month on an ap...

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2020 saw the biggest housing rebound in history

When the coronavirus pandemic hit in late winter 2020, lockdowns and fears brought the housing market to an effective halt. By mid-year, six Southern California counties saw that home sales for the first half of the year was a whopping 24 percent below the previous year. That was the worst start of...

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1 in 3 homes at “high risk” of natural disaster

Earthquakes, wildfires, floods and hurricanes are just some the natural disasters that could wreak havoc on approximately 35 million homes in the U.S., according to a new study. Researched at CoreLogic have published a new report that warns that nearly a third of the nation’s housing stock are at a...

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Home sellers seeing tremendous profit

As those looking to buy a home are faced with rising prices and growing competition, sellers are reaping the benefits. According to ATTOM Data Solutions’ Year-End 2020 U.S. Home Sales Report, home sellers nationwide in 2020 saw a home-price gain of $68,843 on the typical sale. This is up from $53,70...

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Home price growth-rate at 7-year high

Increases in home prices sped up at the end of last year as limited housing inventory continues to throw off any balance in supply and demand. According to the S&P CoreLogic Case-Shiller National Home Price Index, prices climbed 9.5 percent in the year that ended November, up from 8.4 percent the pr...

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Home values rise sharply in December

Homeowners are seeing a continuation of large increases in their property values according to new data. According to a Zillow report, typical home values in the U.S. climbed 8.4 percent in December from the previous year. This is the highest annual increase recorded since January 2014. “The housing...

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Biden Administration’s housing policy could usher in changes

In a rousing approval of President Joe Biden’s inaugural speech last week, the National Association of Realtors said in a statement that the organization looks forward to partnering with the new administration on helping Americans realize the dream of homeownership. “I was heartened by President Bi...

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Home buyers get creative in quest to win bidding wars

The bidding war game is getting fierce. With such a limited selection of homes on the market, buyers are competing with one another to land the sale. In a new article from Realtor Magazine, real estate agents are reporting that their clients are coming up with creative ways to seal the deal. Some o...

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San Diego home prices rising faster than the rest of the nation

Home prices are continuing to rise across the country but few places have seen increases as steep as San Diego has. According to the S&P CoreLogic Case-Shiller index of home prices released last month, the average price increase in San Diego County is 11.6 percent over last year. This is the sharpes...

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