During the March 20 meeting held by members of the Federal Open Market Committee, there was an undisputed public call for patience; however, according to a more comprehensive report published Wednesday, opposing opinions were observed. Based on the minutes, some members suggested that their opinions concerning the right target range about the federal money rate […]
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 inNews
Builder sentiment moves up one notch to 6-month high
According to the National Association of Home Builder/Well Fargo Housing Market Index (HMI), in April, builder confidence for newly constructed single-family homes rose tremendously to 63. Over the past three months, sentiment levels have been in the low 60s. Builders have reported the essential need for cheap and affordable new single-family homes irrespective of the […]
Posted inNews
FHFA Director moves forward on housing finance reform
Calabria: We must grab this opportunity for reform. Mark Calabria has officially taken office having been confirmed as the new director of the Federal Housing Finance Agency by the Senate. The role of the agency is to oversee Fannie Mae, Freddie Mac, and the majority of the US housing finance system. Calabria replaces Joseph Otting, […]
Posted inBuy
Housing Market Forecast Spring 2019 to Favor Buyers
The first quarter of 2019 for home sales suggests that the spring housing market will provide a great opportunity to purchase a home. Traditionally, spring is the season homebuyers begin to make their search, although it varies nationwide. However, with the home shopping season beginning in March, current market reports suggest more options for those […]
Posted inNews
2019 U.S. Housing Market Report Sends Mixed Signals
The first quarter of 2019 has ended, and now it is time to take stock and evaluate the events seen in the U.S. housing market over the first three months. Overall, mortgage demand has risen and home sales are on the rise across the board. Still, it is prudent to take a closer look at […]
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Is this a Housing Bubble? Facts to Know About the Current Market
Unmatched competition, sky-high housing prices and a seemingly endless surge in demand — the symptoms of the current market seem eerily familiar to some real estate experts. Murmurs of a housing bubble have been heard throughout the country, from the intense market in Seattle to the building empire in Florida. It’s a term that causes everyone to […]