Aramco Report

The Blog
Fewer Americans moving; more remodeling

The combination of high home prices and a limited selection of properties for sale has led to an all-time low in the number of Americans who are moving. According to housing data and analytics company Buildfax, 2019 saw the lowest rate of mobility in the U.S. ever recorded. Just 9.8 percent of Ameri...

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Foreclosure filings drop to record low

A new report shows that the volume of foreclosures in the U.S. has fallen to a new record low as of 2019. ATTOM Data Solutions reports that default notices, scheduled auctions and bank repossessions were down 21 percent from 2018 to 2019. This represents an 83 percent drop from the peak reached in 2...

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Foreclosure filings drop to record low

A new report shows that the volume of foreclosures in the U.S. has fallen to a new record low as of 2019. ATTOM Data Solutions reports that default notices, scheduled auctions and bank repossessions were down 21 percent from 2018 to 2019. This represents an 83 percent drop from the peak reached in 2...

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Home builder confidence cools slightly in January

After reaching a two-decade high in December, a measure of U.S. home-builder confidence cooled slightly in January. The National Association of Homebuilders released a new report last week that showed the confidence index dipped to 75 in January, down from 76 in December. Readings above 50 are gen...

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Real estate agents play an important role for buyers and sellers

Agent, therapist, confidant and teacher. These are all words that homebuyers and sellers in the U.S. have used to describe their real estate agent according to new information. A survey from Century 21 reveals that a majority of people value and confide in their agents more than a therapist and know...

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Lack of housing impacting job growth in some regions

The ripple effects of the ongoing housing shortage are far and wide. A new report from The National Association of Realtors shows that the anemic supply of homes for sale on the market has impacted the rate of job growth in many areas. This is particularly true in hot housing markets where the short...

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New homes sizes shrinking

Countering the trend seen over the last several years, new data on home construction shows that the size of new homes being built are getting smaller. Average square footage has seen a steady increase post-recession but as construction costs began to climb over the last few years, growth has plateau...

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Pending home sales driven high by activity in the West

Pending home sales climbed 1.2 percent in November from the previous month according to new report from the National Association of Realtors. This is a rebound after two consecutive months of declines. The Pending Home Sales Index tracks home sales that have not yet closed but where contracts to pur...

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Home-price growth expected in 2020

Moderate growth in home prices is expected to continue into 2020 according to a new forecast. Data from VeroFORECAST projects growth in the nation’s 100 largest housing markets by as much as 3.9 percent this year. This is up slightly from the 3.7 percent predicted during the first three quarters of...

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Mortgage debt hits record high in 2019

The level of mortgage debt Americans are carrying reached a record high in Q3 2019 of $15.8 trillion. According to LearnBonds.com, this is the highest level since the peak of the economic crisis in 2008 when debt levels stood at $14.7 trillion. Mortgage debt has steadily climbed since the Great Re...

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