Aramco Report

The Blog
California’s new homes go green

California has started of 2020 by implementing several new laws that will require the state’s homebuilders and residents to go green. As of January 1, all newly constructed homes and low-rise apartment buildings in the state are required to be built with solar panels. The Golden State is the first...

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Home buying season may come early this year

The late-spring and summer months are traditionally considered to be when home sales are at their peak but with favorable market conditions, experts say home buying season may come early this year. According to a report from Realtor.com, the month of January in recent years has had the second-most l...

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Foreclosure starts drop to 20 year low

Foreclosure starts have declined to their lowest level since 2000 according to a new report from Black Knight. November’s foreclosure starts were down 26 percent from last year and down three percent from October. Mississippi had the highest foreclosure start rate in November at 10.44 percent. This...

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San Diego home prices climbing as demand remains strong

After months of being on record as the market with the slowest home price gains in the nation, San Diego County beat expectations by seeing a 2.9 percent annual gain in prices as of October. This brings the median home price in the County to $630,000. Although this was below the national increase of...

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Cash-out refi’s at their highest rate since 2009

American homeowners are tapping their home’s equity more than at any point in the last decade. Even with slight increases in mortgage rates, cash-out refinances still offer better terms that most other short-term borrowing options consumers have. “For some homeowners, the trade-off is worth it,” ac...

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Calif. homeowners struggling to stay insured

After several consecutive years of destructive wildfires reaking havoc in California, insurance companies are abandoning many parts of the state, leaving homeowners without coverage options. According to a data from the California Department of Insurance, several major insurance carriers including S...

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Resolving to buy a home in 2020

Making a new year’s resolution to purchase a new home may seem as fruitless as resolving to go to the gym twice a week in 2020. But according to experts, the conditions for buying a home may be better this year than in recent memory. First, mortgage rates are near historic lows. Economists had wide...

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Home listings drop leading to pent up demand

With 15 consecutive months of year-over-year increases, it seemed that home inventory levels were on a long-term positive trend. However, those 15 months have now been followed by five consecutive months of declines. The latest data from the California Association of Realtors shows that active home...

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Home buying tips from the experts

While conditions may be teetering between a buyer and sellers housing market, most of 2020 is expected to remain solidly in sellers’ favor. Despite the challenges home buyers may face giving current rising home prices and limited inventory, there are steps that active house hunters can take to overc...

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Gen Z finding better home buying conditions than Millennials

The Millennial generation begins turning 40 in 2020, which could mark a turning point in the homeownership rate. For the better part of the last decade, the generation born between 1981 and 1996 hasn’t had much success breaking into the housing market. Many graduated from college at the peak of the...

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