Aramco Report

The Blog
Home cleaning enters the 21st century

In the age of the coronavirus, people are taking home cleaning a lot more seriously. But for some, this doesn’t mean more scrubbing and elbow grease. Rather, it appears to be a form of ‘smart cleaning’ that is designed to battle COVID-19 by stopping the spread of germs. A sanitizing butler and UV r...

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Redfin Report: sell now

The housing market appears to be red hot with record low mortgage rates promoting home buying and sellers realizing record profits. But uncertainty about how long this can last are rising among industry analysts. “The question on everyone’s mind is ‘how fast can prices keep rising?’” said Redfin ch...

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Homeowners reevaluating their living quarters

As the pandemic stretches on and many people continue to spend most of their time at home, a growing number of homeowners have expressed a dissatisfaction with where the live. According to a new survey conducted by Sears Home Services, 44 percent of respondents say they are less satisfied with their...

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COVID-19 mortgage bailouts rise by 21,000

After improving for six straight weeks, the number of mortgages in pandemic related bailout plans rose by 21,000 during the week ended September 29. This latest information is according to Black Knight. Currently, approximately 3.6 million homeowners in the U.S. remain in a state of forbearance. Thi...

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Pending home sales at record high

Pending home sales in August reached a record high pace according to a new report from the National Association of Realtors. Sales of existing homes rose 8.8 percent during the month, representing a 24.2 percent increase over August 2019. Rock-bottom mortgage rates appear to be the main driver behin...

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Homeowners staying put longer than ever

Homeowners who listed their property for sale during Q2 2020 owned their homes for just under eight years on average. This is just under the peak reached in 2019. According to ATTOM Data Solutions newly released Home Sales Report, the length of tenure before selling a home is climbing in many major...

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Record low mortgage rates could save homeowners

Homeowners in the U.S. who are struggling financially during the economic downturn caused by the coronavirus pandemic may find some relief by lowering their monthly mortgage payment. Mortgage rates continue to hover near historic lows, giving an opportunity to those who haven’t yet refinanced into a...

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Home price growth accelerated this summer

Home prices rose at a rapid pace the past few months, an indication that any slow down in the housing market due to the coronavirus pandemic was temporary and short-lived. According to the S&P CoreLogic Case-Shiller National Home Price Index, home prices in the U.S. climbed by 4.8 percent in July on...

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Housing shortage made worse by pandemic

For years growth in the housing market has been hindered by a crippling shortage of homes for sale. The coronavirus pandemic has only made the problem worse. According to a new report released last week from Realtor.com, in the roughly six months between the start of the pandemic in March and mid-Se...

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Homeowners falling behind on mortgage payments as pandemic stretches on

After months of deferring mortgage payments, homeowners are struggling to get back on their feet as the coronavirus continues to impact their finances. A new data study released by Clever Real Estate has found that nearly half of all homeowners who missed a payment this year are at least $2,000 bein...

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