Aramco Report

The Blog
Age of home buying trends higher

Although recent data suggests that younger Americans are finally starting to purchase homes, a new report shows that the same buyers are much older than their parents were when they bought their first home. Student loans and unaffordable home prices have kept the Millennial generation on the sideli...

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Nightmare Neighbors

In a recent survey conducted by Ally Financial, more than half of Americans say they’ve lived next door to a “nightmare neighbor”. The survey of more than 2,000 consumers found that the most undesirable neighbors are those who are loud, have questionable lifestyles and those who don’t maintain their...

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Higher loan limits coming in 2020

The Federal Housing Finance Agency announced this week that mortgage giants Fannie Mae and Freddie Mac will increase their lending limits next year as a result of nationwide home-price gains. Currently, the maximum conforming loan limit for single-unit properties is $484,350. This will increase to $...

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Mortgage rates near historic lows

Over the last year, mortgage interest rates have fallen more than a full percentage point. This is a retreat from the seven-year high reached in November 2018. The result of such a steep decline in rates has been the tremendous savings experienced by both current homeowners and buyers. Today, conf...

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Pending home sales retreat after 2 months of gains

After a two-month streak, pending home sales fell in October according to new data. The retreat is being blamed on a shortage of properties on the market. The National Association of Realtors reported last week that signed contracts fell 1.7 percent in October compared to the prior month. Experts ha...

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New home sizes trending lower

The size of newly built homes during the third quarter of 2019 shrunk slightly. According to data analyzed by the National Association of Home Builders, the average sqaure footage for a newly constructed single-family home declined to 2,464 square feet – down from the previous average of 2,521. Hom...

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Martha Stewart gets into the real estate game

We’ve watched her shows, tried her recipes and dream on her designer bed sheets. But soon, rather than bringing Martha Stewart’s brand into our home, we may be able to move into her brand. Marquee Brands, which owns the Martha Stewart empire, announced last week that it was beginning preliminary res...

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Health of housing market improving

After months of stagnation and decline, the housing market appears to be turning around. According to the Commerce Department, housing starts climbed approximately 9 percent in October after falling almost 7 percent from their January peak. This follows the positive news that new home sales rose 5.4...

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California’s new record-breaking property

A new price record may be reached in Marin County if a new listing sells for the full asking price. The sprawling northern California estate hit the market last week with a price tag of $85 million according to Realtor.com. This makes it one of the most expensive homes on the market in the state and...

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Oprah’s impressive real estate portfolio

In addition to having built a media empire that includes television networks, magazines, radio stations and book clubs, billionaire mogul Oprah Winfrey is also an apparent real estate tycoon. The formerly dubbed ‘Queen of Daytime’ is believed to own dozens of properties in several states worth over...

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