Aramco Report

The Blog
Transforming a nightmare in to a dream home is the latest sales tactic

The anemic supply of homes for sale on the market is driving some buyers to consider properties that may not have been given a second glance a year ago. In fact, some real estate agents are making no secret of a properties poor condition knowing some house hunters may be open to investing in a place...

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Home sales appear to be moderating as market overheats

The rapid rise of home prices across the country has caused potential buyers to wait on the sidelines as the summer unfolds. According to The National Association of Realtors, sales of previously owned single-family homes, townhouses, condos, and cooperative apartments fell 0.9 percent from April to...

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Nearly one in three home buyers are looking for homes in a new city

The permanent restructuring of businesses to allow virtual work indefinitely has kept the trend of moving to a new city high throughout the pandemic. And even as the COVID-19 pandemic starts to wane, this trend doesn’t appear to be slowing down. According to a new survey of Redfin.com users, 31 perc...

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Trending searches on housing sites suggest buyers looking for more space

Words like “acres”, “three-car garage” and “large backyard” are just some of the terms that buyers are searching for when browsing Realtor.com. This follows trends in home buying seen since the start of the coronavirus pandemic as buyers look for properties that can function as offices, classrooms a...

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Real estate frenzy is global

The poisonous combination of high demand and low inventory is not just unique to the U.S. housing market. The International Monetary Fund’s Global House Price Index, which tracks home prices in 57 countries, surpassed its 2008 peak as of this month. In major economies, home prices are over 10 perc...

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How to win the home bidding war

Over the last few months the average number of offers every home listed for sale was receiving was about four. In hot real estate markets like San Diego, it is not unusual for listings to get over a dozen competing bids from different buyers. With competition like that it can seem nearly impossible...

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Vacation home sales skyrocketed during pandemic

When the home becomes the place where you both live and work, the lines can often be blurred. As a result, the demand for vacation homes has seen a significant increase over the past year. Between the second half of 2020 and April 2021, vacation home sales posted double-digit growth. “Vacation home...

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Home buyers seek pools to cool off in

As the heat continues to top triple digits, more Californians are looking to take a dip in a cooling pool. However, even though most restrictions have been lifted in the Golden State, many public pools continue to limit capacity due to the pandemic. As a result, a growing number of home buyers are s...

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Homebuilder confidence takes a dive amid rising costs

Ongoing struggles in the supply chain of building materials has homebuilders struggling to keep up with demand. According to the latest National Association of Home Builders and Wells Fargo Housing Market Index report, confidence among U.S. homebuilders is at its lowest levels since August 2020. “H...

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California lawmakers introduce sweeping housing proposal

The California state legislature has announced a radical proposal to address the affordability struggle of first-time home buyers. The sweeping proposal, dupped the “California Dream Fund” would pay for nearly half of a first-time home buyer’s home purchase cost in exchange for a partial ownership s...

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