Aramco Report

The Blog
Cash is king when home buying

Homebuyers who make offers in all cash have a far better chance of winning bidding wars, according to a new study. In an analysis of the current hyper-competitive home buying market, Redfin tracked the frequency of how often cash buyers secured the property they wanted compared to those financing. I...

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Home flipping drops to 4-year low in 2020

The number of investors who are flipping homes in the U.S. is on the decline, according to a new report. The decline is likely due to a sharp increase in home prices and flippers concerned about narrowing profit margins. According to ATTOM Data Solutions' year-end 2020 U.S. Home Flipping Report, sin...

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Untethered workers could reshape housing market

With nearly one in three American jobs capable of being done remotely, experts suggest that migration away from big cities is likely in the coming years. The coronavirus pandemic has reshaped the workforce, likely permanently and endless commutes and office hours may become a thing of the past. A ne...

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Residential pool construction makes a big splash in 2020

With the coronavirus pandemic causing Americans to spend an unprecedented amount of time at home, many homeowners are putting in upgrades that make this time a little more bearable. According to Buildfax’s latest Housing Health Report, homeowners are making exterior home renovations at a much higher...

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Sellers jump the gun on home inspections

Ordinarily, a home inspection doesn’t take place until a property is in escrow and the buyer asks for one. But because costly repairs can often tank a home sale, home sellers are thinking ahead. Pre-home inspections are increasing in frequency as sellers realize they can cross the closing finish lin...

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California home sales moderate in February

A recent uptick in mortgage rates has caused home sales in California to take a stumble. According to the California Association of Realtors, closed escrow sales of existing, single-family homes in California decreased 4.5 percent from January to February. While they are still up 9.7 percent from a...

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Home builder confidence retreats in March

Confidence in the future of the housing market from the perspective of home builders took a dive in March, according to a new survey. The National Association of Home Builders’ confidence index for March shows a drop of two points to a reading of 82. This is the lowest reading since August 2020. De...

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Q4 2020 home equity sees record growth

The average amount of equity homeowners in the U.S. have grew by a record amount at the end of 2020, according to a new report. CoreLogic reports in its Q4 2020 Home Equity Report that homeowners’ housing wealth grew by 16.2 percent during the period, the sharpest quarterly increase in seven years....

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New fault line maps could impact San Diego housing

The California Geological Survey released two maps of fault lines in the state that among other things, expanded fault line zones within the City of San Diego. The changes, announced last month could impact real estate development in the area. Fault line zone maps show areas that are at a greater...

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San Diego home values rising faster than national average

Across the U.S., the typical single-family home appreciated 9.1 percent over the last year. In San Diego, it was 13.2 percent. This rapid surge in the San Diego-Carlsbad metropolitan area places the median home value in the region at a whopping $741,195. This latest data comes from Zillow. Demand f...

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