Aramco Report

The Blog
Real estate jobs in Calif. are back

When COVID-19 first descended upon the United States, the real estate industry nearly ground to a halt. But according to a new report from SiliconValley.com, the hot housing market in the state has brought jobs in the industry roaring back. In fact, the report stated that there were 2.92 million wo...

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Built-to-rent suburbs may start popping up around the U.S.

If those not quite sold on the idea of buying a home, a community in Arizona may have a solution for you. Located 30 miles outside of Phoenix, a subdivision built by Christopher Todd Communities contains 222 brand new homes with tile roofs, two-car garages and plenty of backyard space. But not a sin...

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Homes in U.S. gain nearly $2 trillion in equity since last year

With home prices rising at a record-breaking pace, current homeowners are seeing their net worth skyrocket. According to new data from CoreLogic’s Homeowner Equity Report for Q1 2021, U.S. homeowners with mortgages saw their equity increase by 19.6 percent on an annual basis. This represents more th...

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Bidding wars becoming the norm for home buyers

Bargain hunting when buying a house is a thing of the past. Now, home buyers should be ready to go over the list price of a property if they even want their offer to be considered. According to data from the National Association of Realtors, more than half of the homes being sold in the U.S. current...

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New Calif. development planned to be the largest net-zero community in U.S.

Big name home builders like Lennar, KB Home and Toll Brothers are constructing 21,000 new homes in Valencia under developer FivePoint to become the largest net-zero carbon emission community in the nation. To achieve this goal, the homes will have solar panels, electric vehicle charges in the garag...

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Paint shortage could freeze summer home improvement projects

The list items experiencing a global shortage appears to be growing. After sanitizer and toilet paper came the lumber and furniture shortage. Now, major retailers are reporting that their stock of paint and paint supplies is looking scarce. Restrictions due to the pandemic have caused manufacturing...

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Report: List your home for sale on a Thursday to make more

There’s Black Friday shopping, Amazon Prime Day and home buying season. All days when consumers flock to make big purchases. But when it comes to home buying, experts suggest that there is one day of the week that sellers should list their homes to attract the most buyers. According to data from Zi...

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Survey: buyers discouraged by current market conditions

Challenges facing home buyers like high home prices and scarce inventory are taking their toll on house hunters. This is reflected in the latest Fannie Mae Home Purchase Sentiment Index for May which shows that just 35 percent of consumers believe now is a good time to buy a home. This is a tumble f...

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Fannie Mae launches program to encourage refinancing

Mortgage giant Fannie Mae announced last week that it was launching RefiNow, a program aiming to help two million homeonwers in the U.S. refinancing their mortgage in to a lower rate. Eligible homeowners are those who earn 80 percent or less of their region’s median income and have a Fannie Mae-back...

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Home buyers making room for their pets

Selecting the right neighborhood, checking out the nearby school and shopping and figuring out the property tax rate are just some of the considerations home buyers make when deciding where to live. But for many, keeping their four-legged friends in mind is just as important. According to a new sur...

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