Aramco Report

The Blog
Mortgage rates drop to new record low

The year appears to be ending on another positive note for the housing market. Nearly a dozen times this year, mortgage rates have dropped to historic lows and just last week Freddie Mac announced that rates are at their lowest point since record keeping began in 1971. “The housing market continues...

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Tech-savvy buyers looking for homes to match

Whether it be a thermostat, a doorbell or a bedside alarm clock, smart devices have crept in to our homes in one way or another. And according to a new report, these integrated technologies are exactly what some buyers are looking for. In a survey from Realtor.com, more than one-in-three young Amer...

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Calif. home sales hit 15-year high

For the first time since January 2009, home sales in California have surpassed an annual pace of 500,000 units as of November, is the highest level since 2005. This latest data comes from the California Association of Realtors. The annualized rate represents what the total number of homes sold in t...

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Home price increases near record high

A surge in homebuying, driven by low mortgage rates and demand from buyers for more space as they work remotely has led to the second-largest annual increase in home prices on record. The national median home price is currently 14 percent higher than it was last year, just below the 14.5 percent ann...

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Housing starts rise to 13-year high

Single-family housing starts climbed for the seventh consecutive month in November according to new data from the U.S. Census Bureau. The 0.4 percent increase last month puts housing starts at an annualized pace of 1.58 million new units, the highest level since 2007. The COVID-19 pandemic has led...

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The tiny home trend

Throughout the pandemic we have seen a large portion of American homebuyers searching for more space to live and work but on the opposite end of the spectrum are those looking for a small place to live large. According to IPX1031, a Fidelity National Financial Company blog, since the start of the CO...

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Report: 2021 looking good for both buyers and sellers

The housing market has had a tumultuous year with a virtual standstill at the outbreak of the coronavirus to an unprecedent surge in the latter part of the year. But according to a new forecast from CoreLogic, 2021 is looking to be more favorable for current homeowners and potential buyers. The co...

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Most expensive home in U.S. up for auction

A Beverly Hills estate, known as “Villa Firenze” is about to be listed in a real estate auction for a staggering $160 million. This will make it the most expensive property for sale in the U.S. and the most expensive property to ever be put up from auction. Realtor.com reports that the auction will...

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Household net worth grows in Q3

The net worth of households in the U.S. grew in Q3 2020, driven largely by a rapid increase in home values. According to new data from the Federal Reserve, household net worth climbed 3.2 percent from Q2 to $123.52 trillion. Meanwhile, household debt also climbed as stimulus programs related to the...

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Mobile home popularity grows as buyers seek value

With single-family property prices rising across the U.S., a new reports shows a surge in Americans interested in mobile homes. According to an analysis of Google Trends data from Point2Homes, 23 states saw online searched for mobile or manufactured homes rise by more than 50 percent from May to Sep...

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