Aramco Report

The Blog
Buyers fight each other for competitive edge

Desperate times call for desperate measures. According to a new survey conducted by Qualia, a digital real estate closing platform, more home buyers are making concessions to get the home they want. Thirty percent of respondents claim that they paid more than anticipated on a recent home purchase. I...

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Homeowner equity reaches unprecedented levels

The value of homes in the U.S. continues to rise and this is translating in to record levels of equity homeowners have built up. According to new data from CoreLogic, the growth in home equity over the past few months is unprecedented. Data and Analytics President for CoreLogic Ben Graboske describ...

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Rising home prices lead to bigger down payments

As a consequence of rising home prices, the down payment to purchase a home is climbing as well. According to a new report from LendingTree, the average down payment in the U.S. is currently $46,283. However, in some high-priced metropolitan areas, like San Diego, median down payments are far greate...

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Homeowner equity reaches unprecedented levels

The value of homes in the U.S. continues to rise and this is translating in to record levels of equity homeowners have built up. According to new data from CoreLogic, the growth in home equity over the past few months is unprecedented. Data and Analytics President for CoreLogic Ben Graboske describ...

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Consumer sentiment improves slightly in August

Americans’ attitude about the housing market improved just a tad in August, according to Fannie Mae’s latest National Housing Survey. Thirty-two percent of consumers reported that they believe now is a good time to buy a home. This is up from 28 percent in July. Those who said now is a bad time to m...

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New home listings see moderate increase

A growing number of homeowners are finally deciding to list their homes for sale according to new data. This is welcome news for buyers who have been battling one another for the few homes available. Still, the recent uptick in new listings is still not even close to restoring the balance between su...

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Biden Administration announced new policies to boost affordable housing

The Biden administration announced last week that it was taking action to increase the supply of affordable housing in the U.S. over the next three years. The announcement included an ambitious goal of creating 100,000 new units available to homeowners and renters who are in lower income brackets....

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How home equity functions as a reliable source of retirement income

With home values at their highest point in decades, more financial experts are examining how America’s retirees can leverage their home’s equity in their post-work life. According to two new reports from the National Council on Aging, home equity can have a significant impact on cash flow for retire...

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Hurricane Ida leaves nearly 1 million homes damaged

Given the designation as the fifth-strongest hurricane to ever make landfall in the U.S., Hurrican Ida is expected to leave nearly one million homes damaged or destroyed in its wake. This figure is preliminary as experts warn it could take weeks to fully assess the extent of the impact. In total, da...

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Millions of homeowners could reap benefits of a refinance

Mortgage rates remain near all-time lows. This can translate to big savings for homeowners who take advantage of these low rates by refinancing an existing mortgage. Despite this, many homeowners have yet to take advantage of these favorable borrowing conditions. According to a survey of 1,000 borr...

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