Aramco Report

The Blog
Cash-out refinances reach 14-year high

With record low interest rates seen throughout much of 2020, cash-out refinances in the U.S. saw a renewed popularity. According to Freddie Mac, Americans extracted more cash from their homes than at any time since the Great Recession. Homeowners pulled $152.7 billion from their home’s equity in 202...

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Home remodeling expected to surge in 2021

As the pandemic confined people to their homes, it seemed almost inevitable that remodeling ideas would start brewing. And homeowners are putting those ideas in to action as seen in a rapid surge in the amount of money being spent on upgrades. According to a report for Q4 2020 from the National Kitc...

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Construction loans help create the dram home

Buying a home can be a straightforward process – get prequalified, find a home and get a mortgage. But when you decide to start from scratch and build your custom home from the ground up, there are a couple of extra steps to make it happen. The process can still be simple but differs from a conventi...

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Tax experts warn of work-from-home pitfalls

The commute from the bedroom to the kitchen counter is one of the top perks of working from home. Millions of Americans have been able to do this over the past year as the coronavirus kept offices shuttered. But for those thinking that this virtual office set-up is going to be a big tax deduction, e...

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How a baby-boom could impact housing

The COVID-19 pandemic baby-boom is turning out to be more of a baby-bust. While many speculated that the birth rate in the U.S. would rise as a result of Americans spending more time at home, it appears that the opposite has actually happened. The fertility rate in the U.S. hit a 100-year low in 201...

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Report: poor credit health major barrier to homeownership

Besides bragging right, having a strong credit score can open many financial doors, especially when it comes to applying for a home loan. However, a study from online real estate site Zillow found that nearly one in 10 American adults are “credit invisible”, meaning they have no credit history at al...

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Female homeownership take big leap in 2020

More single-women purchased homes in Q4 2020 than single-men. This is especially remarkable considering the significant impact the coronavirus has taken on women in the workforce. Women have been forced out of the workforce at a far greater rate than men, especially women of color according to sever...

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Being close to family influences many home buyers

The old adage, “distance makes the heart grow fonder” appears to be falling by the wayside since the pandemic led to mandated social distancing. According to a new survey from Ally Home, 67 percent of 2,000 respondents to a survey say they have a desire to live within a 45-minute drive to relatives....

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Homeownership still more affordable than rent in many markets

Although home prices have posted double-digit increases over the past year and limited supply is provoking tense bidding wars, homeownership is still a more affordable option than renting in many parts of the U.S. According to a new analysis from Realtor.com, buying a home in 15 out of 50 of the nat...

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Home prices rise 10 percent in January

For the first time in eight years, CoreLogic’s Home Price Index recorded a double-digit increase in home prices on a year-over-year basis. CoreLogic reports that home prices in January were 10 percent higher than they were a year earlier. This follows a 9.2 percent annual increase in December. “Rec...

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