Aramco Report

The Blog
Remote workers driving home buyer demand

Six out of every ten home buyers over the last year were those who are able to work from home. This trend in home buying since the outset of the pandemic has led to a surge in demand for homes in more rural areas as workers are no longer tied to big cities, office buildings and concerned about a dai...

Read More
Q1 home prices rise in every corner of the U.S.

The average price of a home has climbed in virtually every part of the U.S. according to a new report. According to the National Association of Realtors, home prices rose sharply in the first quarter of 2021 and 99 percent of major metropolitan markets saw an annual increase. The median price of an...

Read More
DIY projects on the rise but can be costly to fix

YouTube, TikTok and Facebook seem to be flooded these days with clips of people renovating their homes during the pandemic. Offering tips and tricks to do-it-yourself on the cheap, these videos walk homeowners through the steps to make their quarantine headquarters a better place to live, work and p...

Read More
California experiences its first ever yearly population decline

For the first time ever, the population of California has declined from the previous year. According to state officials who reported the data last week, California’s population recorded a loss of more than 182,000 people in 2020. The current headcount in the state is currently 39.5 million. The hig...

Read More
Homebuyer sentiment falls to 10-year low

As the housing market grows increasingly competitive and unaffordable, homebuyers are becoming more weary. According to Fannie Mae’s monthly Home Purchase Sentiment Index, the sentiment among homebuyers has fallen to its lowest point in the 10-year history of the index. The number of Americans who...

Read More
San Diego home prices continue to rise as inventory shrinks

Strong sales activity continued in San Diego in April according to a new report. The home buying season kicked off in the region with closed sales increasing 46.3 percent for detached homes over last year, according to the Greater San Diego Association of Realtors. Meanwhile, the volume of homes fo...

Read More
Eviction moratorium comes to an end

Last week a federal judge has ruled to overturn a national eviction ban that has been in place for most of the pandemic. The Department of Justice has since announced that they would be appealing the ruling. Millions of Americans are estimated to be behind on their rent payments after losing income...

Read More
San Diego homeowners consider renting instead

Breaking in to the San Diego real estate market is a challenge that often has potential home buyers saving for years to try to accomplish. Interestingly, however, is a population of San Diegans who are making the choice to give up homeownership in favor of renting. As reported by ABC10, an increasi...

Read More
Lumber prices could cripple housing market’s future

Just when it was thought that the severe shortage of homes for sale in the U.S. was as bad as it gets, in came the pandemic. And while the coronavirus temporarily brought down the U.S. economy and brought the housing market to a grinding halt, it is the ongoing lumber crisis that is topping the list...

Read More
Bill and Melinda Gates’ divorce could lead to biggest real estate sales in years

While the shock of the separation of Bill and Melinda Gates still hasn’t settled, speculation about the process of the dividing their assets has begun. With a net worth of over $130 billion, the Microsoft co-founder's estate includes the world’s largest private charity, an investment firm and an imp...

Read More