Aramco Report

If conditions remain as they are, the price of a home in San Diego could climb by more than eight percent this year. This anticipated increase in home prices is greater than projections for any other major metropolitan market in the U.S. according to a new report from CoreLogic. An eight percent in...

Record low mortgage rates have incentivized home buyers to finance their purchases rather than pay cash, according to a new report from Redfin. All-cash home purchases accounted for 24.3 percent of homes sold in 2020, down from 25.3 in 2019 and the smallest portion of cash sales since 2007. All-cas...

It’s not San Diego or Los Angeles or even Beverly Hills. When it comes to the most expensive housing market in the world, there is one place that dwarfs the affordability issues in California: Hong Kong. The island hub of Asia has been ranked as the least affordable housing market in the world accor...

The volume of homes in forbearance in the U.S. climbed for the third straight week, according to a new report from Black Knight. Active forbearances rose by 15,000 in the last week of the year, driven largely by a surge in FHA and VA loans falling within this category. Estimates from Black Knight s...

This year has begun with a continuation of the historically low mortgage rates seen throughout much of 2020 and it is expected to continue this way for quite some time. Borrowers are expected to continue to take advantage of these favorable rates with refinances and new home purchases, especially as...

In competitive housing markets it is not uncommon for buyers to ask their agent to submit a personalized letter appealing to the seller along with an offer. This small touch can entice sellers to select an offer among multiple bids when they know that the potential owners will be good stewards of th...

Nearly all sectors of the housing market saw a sharp rebound in 2020 but it was most pronounced in the volume of Americans purchasing high-end luxury homes this year. Affluent home buyers drove luxury home sales 60.7 percent higher this year compared to 2019, compared to a seven percent increase in...

With home prices continuing to rise at an unprecedented pace in the U.S. home buyers are finding that owning a property may eat up too much of their monthly income. Most financial experts suggest keeping housing expenses to less than 33 percent of one’s take-home pay. But as costs continue to soar,...

More homebuyers in the U.S. are seeking homes that can accommodate extended family during the pandemic. You adults facing financial hardship are moving back home and older family members are quarantining long-term with their children as the coronavirus continues to take its toll. Approximately 16 p...

The sales volume of previously owned homes in the U.S. has risen to its highest level since 2006, according to a new report from the National Association of Realtors. The October data shows double-digit growth in several metropolitan areas. This coincides with a sharp climb in home prices across the...