The U.S. housing market grew exponentially ever since the dawn of the pandemic aided by historically low-interest rates. Sellers have received top dollar for their homes in the last two years due to a lack of housing supply and better-than-expected demand. 30-year mortgage rates that stubbornly hovered around 2.6% in 2021 made real estate an […]
Lance Sonka
20 year building industry veteran helping home buyers build new construction homes in the Greater Houston area. Member of NAREE, NAHB and Publisher at HousingMarket.com, while currently serving on the Board of Directors of a local non-profit organization that supports positive mental health care for all regardless of economic status.
Posted inFinance
Rates Make Housing Market Unfriendly for Buyers, Difficult for Sellers
Times are tough for the US home buyer, and not getting much better for sellers either. With mortgage rates at an all-time, 20-year high, according to the Wall Street Journal, it’s no wonder why so many potential homeowners are finding themselves frustrated at every turn in this current market environment. Of course, that’s not the […]
Posted inHousing Market
Why You Should Wait Out the Wild Housing Market
Rising inventory is one of several signs that we may have reached peak ludicrousness. Pick a housing statistic at random, and it’s probably setting an all-time record. Home prices: record high. Inventory: record low. Percentage of homes selling above asking price: record high. Average time on market: record low.
Posted inHousing Market
U.S. Housing Market Needs 3.8 Million More Homes
According to a new analysis of the housing market, Freddie Mac reports a 3.8 million home shortfall to the supply of U.S. homes. The main driver of the housing shortfall has been the long-term decline in the construction of new single-family homes. Freddie Mac will continue to closely monitor and report on impacts of this […]
Posted inHousing Market
Why the Housing Market is NOT Tanking
It’s the worst economy since the Great Depression…and housing prices aren’t really budging all that much. On this episode of Gimme Shelter, Matt and Liam discuss the confusing state of California’s home and rental market. First, the Avocado of the Fortnight begs an existential question: just how harmful are UC Berkeley undergrads to the world? […]
Posted inHousing Market
What to expect from the 2020 U.S. housing market
HousingMarket Review: The U.S. housing market in 2020 It’s not only home buyers who are closely monitoring the housing market in the United States. Economists, investors, and analysts constantly look for developing trends in the U.S. housing market to assess the strength of the economy and to predict the ability of the American economy to […]
Posted inHousing Market
Q1 2020 State of the U.S. Housing Market
As we embark on the start of a new decade, it seems like an appropriate time to take stock of where we are currently sitting with regard to the housing market. It might be too late to come up with some New Years resolutions but it is never too late to reflect on lessons learned […]
Posted inHousing Market
U.S. Housing Market Outlook 2020
2020 will be an interesting year for the U.S. housing market, thanks to rate decreases by the Fed and mortgages remaining at or near all-time lows. The affordability of borrowing continues to motivate refinancing to these lower rates. With some level of stability forecast for 2020, it’s important to understand what may occur in the […]
Posted inFinance
What Lower Mortgage Rates Say About the 2019 Housing Market
HousingMarket Report: How Falling Mortgage Rates Will Affect the 2019 U.S. Housing Market Mortgage rates have been going through a steady decline, with home buyers getting more and more opportunities at locking excellent rates. Homeowners are looking at opportunities for refinancing their mortgages – making it more affordable for their budget in the long run. […]