Aramco Report

The Blog
Supremes end U.S. eviction moratorium

The U.S. Supreme Court put an end to the Centers for Disease Control and Prevention’s eviction moratorium late last week. This decision brings to a definitive end the freeze on evictions for renters that has gone on for more than a year. In the 6-3 ruling, the Court decided that the CDC’s eviction...

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California’s most expensive house listing could be second-highest ever

If it actually sells for its $160 million price tag, a 22-acre oceanfront compound in Carpinteria, California could become the second-highest price for a home sale ever. It is currently the most expensive property for sale in the state. The estate includes two custom homes for a combined total of 1...

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Home sizes are increasing as a direct impact of the pandemic

The coronavirus forced people indoors making the home more than just a place to live but also functioning as the office, the classroom and the vacation destination. The need to have a functional space for all these activities has prompted homebuilders to construct properties bigger than before. Acc...

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Home builders may face competition from 3D printers

Offering quick builds, superior energy efficiency, stability in natural disasters and affordability, 3D printed homes may be the answer to the chronic housing shortage in the U.S. And consumers are warming up to the idea of living a home made by the technology, according to a survey released by Real...

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The rate of rent increases hit 16-year high

The rate at which rent prices climbed in June 2021 was the fastest year-over-year increase since at least January 2005. This latest data comes from the CoreLogic Single-Family Rent Index. Rent increases have hit a growth spurt over the last several months as home prices become less affordable, leavi...

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The demand for homes in California takes a bizarre twist

The house was nearly burned to the ground during a fire in Walnut Creek. The garage and the laundry room are essentially gone and the smoke damage is evident. This home just sold for $1,000,000 last week after a fierce bidding war. The two-story, four-bedroom home was originally listed for $850,000...

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‘Jury still out’ on whether migration to suburbs will continue post-pandemic

When the coronavirus took hold in the U.S. last year, the housing market saw a radical shift with more Americans relocating to the outer suburbs than ever before. In fact, the exurbs saw the largest home price growth over the past year, according to a report from Realtor.com. The question experts ar...

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More than 1 in 3 homeowners in U.S. is rich in equity

A boost in home values over the last several months has led to a surge in the number of Americans who have amassed wealth in the form of equity. ATTOM reported this week that 34.4 percent of mortgaged residential properties in the U.S. were considered equity rich in Q2 2021. The latest data also sh...

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U.S. housing starts tumble in July

A dip in housing starts last month will continue to choke off much needed inventory. According to the U.S. Department of Commerce, housing starts nationwide fell seven percent in July compared to the prior month. Builders remain concerned about rising costs, material shortages and delayed approval f...

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Report: Housing affordability woes likely here to stay

Anyone who has tried to buy a new home this summer has probably experienced the challenges of slim supply, rising prices and bidding wars. According to a new report, these obstacles are likely to not only continue but actually worsen by the end of the year. An analysis from Zillow shows that mortga...

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