Aramco Report

The Blog
Home offices could expand housing market

To comply with stay-at-home orders and to flatten the curve of the coronavirus, numerous businesses closed off offices space for essential workers who can complete their tasks from home. But as restrictions start to ease in many areas, companies are finding that there isn’t a need to bring all their...

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Months of lockdown leading to an increase in homebuyers

After months of shelter-in-place orders across the U.S., stir-crazy households are looking to make a move. In a new survey conducted by LendingTree, 53 percent of homebuyers say they are more likely to purchase a new home in the next year because of the pandemic. Twenty-eight percent of respondents...

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Homebuilding in San Diego close to doubling

A housing shortage has long been the bane of the housing market in San Diego but in a positive turn-of-events, the Real Estate Research Council of Southern California reported last week that homebuilding in the region has nearly doubled from Q1 of 2019. There were 2,313 homes constructed in San Die...

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Pandemic impact on housing market showing mixed signs

The coronavirus has changed life as we know it but when it comes to the overall health of the housing market, experts are noticing some mixed signals. In March, home sales fell across the U.S., dropping to a pace not seen in more than a decade. Yet, meanwhile, home prices continued to rise. Accordi...

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The home buying deal breakers and wish list

Buying a new home is one of the most important decisions a family can make and one that shouldn’t be made lightly. On average, house hunters spend four months, touring 19 properties, just to find the best home. And while there are wish list items, like a pretty view or a walk-in pantry, there are so...

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Mortgage applications spike in California

Californians applying for a mortgage has soared 77 percent from the coronavirus bottom at the end of March and early April. The Mortgage Bankers Association’s weekly report on mortgage applications as a gauge of housing demand shows that total mortgage applications have increased for seven consecuti...

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Home buyers are ready to see open houses return

Driving through neighborhoods looking for the little flags and signs that point to an open house has been the tradition of homebuyers on a Saturday afternoon for years. But as the coronavirus spread in the U.S., sellers and their agents put this practice on hold for the foreseeable future. However,...

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Sharp decline in home sales as pandemic wages on

Although most parts of the country are now open following months of stay-at-home orders, the impact of the shutdown is still evident in the housing market. Data from DQNews shows that Southern California home sales fell by 26.6 percent in April compared to March and are also down 31.5 percent on a y...

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San Diego leaders look to address city’s unaffordable housing

San Diego is one of the priciest housing markets in the nation and growing even more unaffordable due to an ongoing shortage of homes in the region. According to a report from the San Diego Housing Commission, in 2000 there were more than 91,000 affordable housing units in the city. That number has...

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Open Houses likely months away

Even as restrictions in most areas start to ease, real estate professionals appear to be playing it safe likely for the comfort of their clients. A survey recently conducted by research firm Engagious found that 56 percent of consumers say that despite the ongoing COVID-19 pandemic, they would atten...

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