Aramco Report

The volume of properties in the U.S. with foreclosure filings fell on both a monthly and yearly basis in November, continuing a steady streak of recovery since the record shattering volume seen during the Great Recession. There were 49,898 properties with foreclosure filings nationwide as of last mo...

House-rich and cash-poor is a description that can be used to describe many of California’s senior citizens. With rising home values but little in retirement savings, the market for reverse mortgages continues to thrive. Reverse mortgages allow those 62 or older to tap their home’s equity through a...

The sprawling Bel-Air estate featured in the opening credits of the television series The Beverly Hillbillies sold last week for a reported $150 million. The mansion, known as the Chartwell, hit the market in 2017 and had gone through several price cuts since. The latest public asking price was $195...

It used to be San Diego, San Francisco and Seattle that dominated lists of the hottest housing markets in the country. But new data for 2019 shows that landlocked states are turning the tables on those coastal towns. Realtor.com reports that Boise, Idaho is expected to be the hottest housing market...

A summit of top economists and real estate experts attended a summit headed by Secretary of Housing and Urban Development Ben Carson and shared their predictions for the 2020 housing market. A consensus of the leading experts in attendance put the likelihood of a recession next year at 29 percent....

After the typical lull that accompanies the Thanksgiving holiday, mortgage application activity saw a strong comeback last week, rising 3.8 percent on a seasonally adjusted basis. Applications increased for refinances, up 146 percent over the same week last year when rates were nearly a full percent...

Those entering the realm of homeownership for the first time dominated the housing market in 2019. According to a report from Genworth Financial, first-time homebuyers accounted for 39 percent of all buyers during the third quarter and made up 55 percent all purchase mortgages. This latest data sh...

Although recent data suggests that younger Americans are finally starting to purchase homes, a new report shows that the same buyers are much older than their parents were when they bought their first home. Student loans and unaffordable home prices have kept the Millennial generation on the sideli...

In a recent survey conducted by Ally Financial, more than half of Americans say they’ve lived next door to a “nightmare neighbor”. The survey of more than 2,000 consumers found that the most undesirable neighbors are those who are loud, have questionable lifestyles and those who don’t maintain their...

The Federal Housing Finance Agency announced this week that mortgage giants Fannie Mae and Freddie Mac will increase their lending limits next year as a result of nationwide home-price gains. Currently, the maximum conforming loan limit for single-unit properties is $484,350. This will increase to $...