Aramco Report

The Blog
Home insurance rates on the rise

Many homeowners are experiencing sticker shock when they receive their home insurance policy renewal bills. According to the Insurance Information Institute, home insurance premiums are up, on average, four percent on an annual basis. This is due primarily to rising material costs and climate change...

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Zillow economists predict a wild year for housing

Although economists are largely in agreement that the housing market is not likely to reach the dizzying heights of 2021 in the new year, they are predicting a lot of activity. According to Zillow’s Economic Research Team’s housing predictions for 2022, expect to see home values grow by 11 percent a...

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A home buyer’s New Year’s Resolution

Whether you’re resolving to go to the gym more or just get the Christmas lights down by Valentine’s Day, the top of the year is full of new commitments. For many, 2022 is the year they are focused on buying a new home. For this particular resolution, there are some simple steps house hunters should...

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Real estate investors returning to California

There has been a recent resurgence in the number of real estate investors who are buying properties in California. According to CoreLogic, four out of the 11 metros with the highest volume of single-family purchases made by investors were in the Golden State. This is a reversal of a year's long decl...

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November home prices up 19% from last year

Home prices have risen by double-digits nearly every month of 2021, when compared to 2020. This is leading to an increase in affordability struggles for home buyers, particularly first-timers. The U.S. Department of Commerce reported last week that the median sales prices for new homes rose nearly 1...

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Survey: many of homebuyers’ most wanted features are in the kitchen

When it comes to a homebuyers’ wish list, many of the the most wanted features for their new home can be found in the kitchen. According to a recent study from the National Association of Home Builers, a side-by-side double sink and walk-in pantry was ranked as the most popular of 30 listed kitchen...

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The world’s richest man owns no real estate

Time magazine has named Elon Musk its annual “Person of the Year” for 2021. The Tesla and SpaceX founder has been deemed the richest man on the planet with an estimated value of $266 billion. But the Time’s report noted that despite his mega-wealth giving him the ability to own any home he could wan...

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Rent increases hit record high

In the ongoing battle between the cost of homeownership versus renting, it appears the former is the victor for the month of November. According to a new report from Realtor.com, November marked the fifth consecutive month of double-digit rent increases with rents rising 19.7 percent compared to the...

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Unexpected expenses have some home owners feeling ‘house poor’

The increased costs of upkeep, unexpected maintenance expenses and high purchase prices have some homeowners feeling “house poor,” according to a new study from ConsumerAffairs. The National Association of Realtors’ Housing Affordability Index reports that median monthly mortgage payments have incre...

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‘Christmas Story’ house available for rent

Just like the Home Alone house outside of Chicago, the iconic home featured in the 1983 holiday classic, “A Christmas Story,” became available for a stay during the holidays. Brian Jones, owner of the Christmas Story House & Museum located in Cleveland, announced that the tourist attraction was open...

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