Aramco Report

The Blog
Home inventory levels at lowest point in 7 years

The number of homes for sale in the U.S. has fallen to the lowest levels since 2013 according to a new report from Zillow. The online real estate company’s Real Estate Market Report for December shows that inventory fell 7.5 percent on an annual basis. The first part of 2019 provided some relief as...

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Mortgage payments not much more than rent according to study

While so much of the news regarding the economy discusses the rising cost of homeownership in the U.S., renters nationwide are feeling a financial burden as well. According to data from the U.S. Census Bureau, the average mortgage payment is approximately $1,500 per month. This is roughly the same c...

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December home sales break record

It isn’t typically associated with home buying but according to a new report, buyers weren’t too distracted with the holidays to go house hunting. RE/MAX’s National Housing Report for last month shows a 13.5 percent year-over-year increase in home sales last month. This is the highest monthly increa...

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Home values in U.S. break new record

If you were to combine the GDPs of the two largest economies in the world, the U.S. and China, they would equal roughly the total value of every home in the U.S. According to new data from Zillow, total domestic home values have reached $33.6 trillion. California alone accounts for a whopping 21.2...

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Fewer Americans moving; more remodeling

The combination of high home prices and a limited selection of properties for sale has led to an all-time low in the number of Americans who are moving. According to housing data and analytics company Buildfax, 2019 saw the lowest rate of mobility in the U.S. ever recorded. Just 9.8 percent of Ameri...

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Foreclosure filings drop to record low

A new report shows that the volume of foreclosures in the U.S. has fallen to a new record low as of 2019. ATTOM Data Solutions reports that default notices, scheduled auctions and bank repossessions were down 21 percent from 2018 to 2019. This represents an 83 percent drop from the peak reached in 2...

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Foreclosure filings drop to record low

A new report shows that the volume of foreclosures in the U.S. has fallen to a new record low as of 2019. ATTOM Data Solutions reports that default notices, scheduled auctions and bank repossessions were down 21 percent from 2018 to 2019. This represents an 83 percent drop from the peak reached in 2...

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Home builder confidence cools slightly in January

After reaching a two-decade high in December, a measure of U.S. home-builder confidence cooled slightly in January. The National Association of Homebuilders released a new report last week that showed the confidence index dipped to 75 in January, down from 76 in December. Readings above 50 are gen...

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Real estate agents play an important role for buyers and sellers

Agent, therapist, confidant and teacher. These are all words that homebuyers and sellers in the U.S. have used to describe their real estate agent according to new information. A survey from Century 21 reveals that a majority of people value and confide in their agents more than a therapist and know...

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Lack of housing impacting job growth in some regions

The ripple effects of the ongoing housing shortage are far and wide. A new report from The National Association of Realtors shows that the anemic supply of homes for sale on the market has impacted the rate of job growth in many areas. This is particularly true in hot housing markets where the short...

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