Aramco Report

The Blog
Home price growth at 15-year high

The rate at which home prices are climbing in the U.S. is at its highest level in more than 15 years according to a new report. The S&P CoreLogic Case-Shiller National Home Price Index for March showed that home prices in major metropolitan areas nationwide climbed by 13.2 percent on a year-over-yea...

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Window shopping the housing market

As the pandemic took hold across the U.S. last year, traffic to online real estate listing sites like Zillow and Redfin exploded. While a good number of these website hits were from people looking to purchase a home, new data from Omnis Panels and reported by HousingWire shows that the vast majority...

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Fannie Mae updates 2021 forecast due to housing shortage

Mortage giant Fannie Mae has revised its 2021 expectations for purchase and refinance volume as the housing crunch takes it toll on buyers. Fannie cut $43 billion from its purchase volume forecast for the remainder of the year, now estimating that new mortgages will reach $1.8 trillion by December....

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New law could speed up housing construction Calif.

The rate at which homes are being built in California may get a boost under a new bill signed into law by Gov. Gavin Newsom last week. Senate Bill 7 allows projects of more than $15 million to have a streamlined review process under the California Environmental Quality Act. “This announcement today...

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A buyer’s love letter to a seller could lead to heartbreak

One of the most common ways buyers try to woo home sellers in to selecting their offer in a competitive housing market is to stand out with a personalized love letter expressing desire for the home. While this method does tend to pull at the heart strings and give attention to buyers, the National A...

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Calif. home prices hit new record high

Market conditions in the West have driven home prices to new highs, particularly in California. According to a new report from the California Association of Realtors, the state’s median home price rose above $800,000 for the first time ever in April. Statewide, the median home price was 7.2 percent...

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Homes flying off the market presents a problem for some sellers

Nearly 60 percent of homes are going under contract in less than two weeks and 46 percent are sold in a under seven days, according to Redfin. While this might be welcome news for some sellers that are looking to unload a property in a hurry, for others it presents a time-pressing issue of where to...

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Homes with access to faster internet a priority for buyers

We know we’re in the digital age and the era of working from home when one of the biggest attractions to home buyers is a property’s access to reliable, high-speed internet. According to a new report from Verizon, published by Realtor Magazine, 87 percent of consumers say that a home with access to...

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Calif. housing affordability at 3-year low

It is the roughest housing market California has seen in years with prices busting budgets and buyers fighting over the few homes they can reasonably afford. According to a new report from the California Association of Realtors, California’s housing affordability is currently at the lowest level sin...

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Finding a home in this market can take months

The shortage of homes for sale on the market and the many, many people fighting to get them is causing the process of finding a suitable home to take longer. According to the National Association of Home Builders, 64 percent of buyers who were actively engaged in the process of buying a new home in...

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