Aramco Report

The Blog
Foreclosure filings see slight uptick in January

A new report shows that the volume of foreclosures in the U.S. increased slightly last month, up from a record low seen late last year. ATTOM Data Solutions reported last week that default notices, scheduled auctions and bank repossessions increased 13 percent from December 2019 and 7 percent from a...

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Construction permits for new homes rises to 12-year high

The volume of permits for new home construction climbed to its highest level since June 2007 as of last month. This is a sign that builders are shifting into high gear ahead of the expected high-demand summer home buying season. This latest information comes from the Commerce Department and The Nati...

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Home builder confidence remains near 20-year high

Strong home sales during the winter months and continually low mortgage rates have helped home builders maintain their confidence in the future of the housing market. According to the February Housing Market Index from The National Association of Home Builders and Wells Fargo, the latest sentiment r...

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House-hunters must-have lists vary by state

Deal breakers for those looking for a new home can vary from family to family but a new study conducted by Realtor.com shows that there are obvious trends that can be observed based on region. While things like plentiful storage space, large backyards and location are fairly universal desires, speci...

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U.S. home-sale prices on the rise

The prices homebuyers in the U.S. are paying to buy a home has risen for the last six consecutive months according to a new report. Sale-prices climbed 6.7 percent in January on a yearly basis in 217 of the major metropolitan markets tracked by online real estate site Redfin. The most affordable mar...

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Next recession will have limited impact on housing

Americans waiting for a major drop in home prices before a home purchase may have to wait for quite a while. According to a new report from First American Financial Services, a title insurance company, unlike the Great Recession more than a decade ago, any future economic trouble will have a much mo...

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Homebuyers motivated by low mortgage rates

Borrowing costs remaining near record lows is giving a boost to the housing market this winter. Mortgage activity in Q4 2019 was higher than any period since 2005, according to new data from the Federal Reserve Bank of New York compiled by Realtor Magazine. An increase in new loan originations and r...

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Zillow: More than 70% of couples argue over real estate

When the calendar moves past Valentine’s Day, it’s back to normal for most couples. And according to a new report from Zillow Research, normal means arguing over home buying or selling. The decision to move is often one of the biggest decisions a couple can make together but a survey conducted by Th...

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Giving your sweetheart a home for Valentine’s Day

When red roses and a box of chocolates won't cut it, upper your game on the most romantic day of the year may be necessary. A grand gesture like buying a home could sweep your Valentine off their feet but it does come with challenges that even Cupid can’t help with. Adding your spouse to your home’...

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The dos and don’ts of closing on a house

The day has finally arrived. You’ve been waiting over a month to get the keys to your dream home and all that’s left is some paperwork. While this is the scenario many buyers envision when purchasing a home, those who have been through the experience know that the process is not always a smooth one....

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