Aramco Report

The Blog
Pending home sales see biggest drop in a decade

An index of pending home sales in the U.S. fell by 4.9 percent on a month-over-month basis. According to the National Association of Realtors, the seasonally adjusted annual index measuring signed contracts to purchase a home experienced the single-largest monthly decline since May 2010. A severe s...

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Millions eligible for money-saving refinances

Even slight drops in mortgage rates can have an impact on a homeowner’s budget, potentially saving hundreds of dollars. According to a new report from Black Knight, there are an estimated 9.4 million homeowners nationwide who are refinance eligible. The average savings for each of these borrows amou...

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Single-family housing starts expected to rise in 2020

Favorable conditions for home buyers like low mortgage rates and stability in the job market is expected to drive demand for housing higher in 2020. As a result, economists at Capital Economics state that housing starts should see a corresponding increase. Single-family housing starts are expected...

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New home sales decline in December

The volume of new home sales fell last month according to data from the Census Buerau and the Department of Housing and Urban Development. December’s annualized rate of new home sales declined to 694,000, down from 697,000 in November. This latest information is a sour end to an otherwise positive...

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Home seller profits reach record high

As a direct result of people living in their homes longer than ever, the profits sellers are seeing when they do finally decide to move has gone up significantly. According to a new report from ATTOM Data Solutions, both homeownership tenure and seller profits reached new highs last year. ATTOM’s Y...

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Single-women outpacing single-men in homeownership

Despite being two decades into the new millennium, pay equity remains an issue in the U.S. Yet, while women are still earning less than men, a new report shows that more single woman are getting into the real estate market than single men. In a study by LendingTree, the number of women who live alo...

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Home inventory levels at lowest point in 7 years

The number of homes for sale in the U.S. has fallen to the lowest levels since 2013 according to a new report from Zillow. The online real estate company’s Real Estate Market Report for December shows that inventory fell 7.5 percent on an annual basis. The first part of 2019 provided some relief as...

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Mortgage payments not much more than rent according to study

While so much of the news regarding the economy discusses the rising cost of homeownership in the U.S., renters nationwide are feeling a financial burden as well. According to data from the U.S. Census Bureau, the average mortgage payment is approximately $1,500 per month. This is roughly the same c...

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December home sales break record

It isn’t typically associated with home buying but according to a new report, buyers weren’t too distracted with the holidays to go house hunting. RE/MAX’s National Housing Report for last month shows a 13.5 percent year-over-year increase in home sales last month. This is the highest monthly increa...

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Home values in U.S. break new record

If you were to combine the GDPs of the two largest economies in the world, the U.S. and China, they would equal roughly the total value of every home in the U.S. According to new data from Zillow, total domestic home values have reached $33.6 trillion. California alone accounts for a whopping 21.2...

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