Aramco Report

The Blog
House hunters focused on new priorities

It used to be granite countertops, hardwood flooring and a fireplace that would spark a buyers interest in a home. But as the pandemic has caused more people to stay at home for longer periods of time, today’s buyers have shifted their priorities in a big way. According to Point2Homes, an online rea...

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The home design style that tops them all

Colonial, ranch and French country. These are all different styles of homes that have reined in popularity at one time. But according to a new survey, there’s a new trend that is dominating homeowners’ tastes: modern farmhouse. Respondents to a survey conducted by Homes.com overwhelmingly state the...

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Housing market continuing to show resilience amid pandemic

Home prices continued their upward trend in June, demonstrating yet again how resiliant the housing market in the U.S. is amid the global pandemic. Strong demand for housing driven largely by record low mortgage rates is pushing housing prices higher as buyers compete with one another for properties...

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Homebuyers undeterred by ongoing pandemic

The rise in coronavirus in the U.S. and the economic uncertainty it is bringing with it has done very little to slow demand from homebuyers. According to the National Association of Homebuilders’ Housing Trends Report for Q2 2020, the number of prospective homebuyers in the U.S. is rising sharply....

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Possible foreclosure crisis looming

A nearly decade-long boom in the housing market may be coming to an end as a possible foreclosure crisis looms over the U.S. The coronavirus pandemic has left millions of Americans unemployed and likely unable to make mortgage payments once deferment periods are ended by lenders. According to ATTOM...

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14 million households plan to pass home to family

It used to be some fine china, antique pocket watches and perhaps a few Treasury bonds. But according to a Zillow Group Consumer Housing Trends Report, inheriting a home from a family member is growing in popularity. Nearly one in four homeowners, a total of approximately 14 million households in t...

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Survey: Buying and selling at the same leads to stress

Like a high-wire balancing act, the art of contingent home buying often leads to stress for sellers, according to a new survey. LendingTree reports that 29 percent of respondents find buying a new home at the same time as they sell their current home to be the most stressful part of real estate tran...

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Homes in forbearance decline for sixth week

Homeowners are bracing for the end of forbearance plans offered by many lenders for those impacted by the novel coronavirus. The total number of loans in forbearance in the U.S. declined for the sixth consecutive week at the end of July. According to the Mortgage Bankers Association, there are curre...

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Pending home sales exceed expectations

An index of pending home sales in the U.S. spiked in June, beating experts’ predictions. According to the National Association of Realtors’ Pending Home Sales Index, contract signings to purchase a home increased 16.6 percent in June after a 44.3 percent climb in May. Last month’s increase surprised...

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Homeownership rate at 12-year high

The homeownership rate in the U.S. saw a major increase in Q2 2020. According to the U.S. Census Bureau, the national rate of homeownership reached 67.9 percent, an impressive increase from 65.3 percent in the previous quarter and 64.1 percent last year. The Q2 figures are the highest since 2008. T...

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