Real Estate Market Update - Housing Bubble is about to POP soon !!!!

[CherryGaru]

13014 Grey Friars Pl, Herndon, VA 20171 | MLS# VAFX2168104 | Redfin

1.2 million ki pedithe , 1.37 million ki sold

-------

Tax Assessed Value: $1,149,860

Tax Year: 2023

----

Mar 29, 2024

Date

Sold (MLS) (Closed)

 

BRIGHT MLS #VAFX2168104

$1,370,000

Price

Mar 16, 2024

Date

Pending

 

BRIGHT MLS #VAFX2168104

—

Price

Mar 15, 2024

Date

Listed (Active)

 

BRIGHT MLS #VAFX2168104

$1,200,000

Price

Mar 14, 2024

Date

Coming Soon

 

BRIGHT MLS #VAFX2168104

$1,200,000

[Ravi860]

11 hours ago, Sonu_Patel said:

With the recent trends in residential real estate market, there are lots of Indicators indicating the Bubble to pop any time soon. 

Drop in Sales YOY

High interest rate

High inflation

Low earnings

Affordability

Spiking delinquency

Roll off's/ Reduction in Force from Companies

Recent home buyers with Lack of Financial Education

Here are some of the Strategies that Real Estate Agents and Builders will implement to get you into the BUBBLE before the POP 

Strategies Implemented for the Seller's Benefit:

- OPEN HOUSE Strategy: You will notice there will be bunch of OPEN houses on week ends to fish the bakra's. There could be multiple people attend the OPEN house to root a thought and force you to submit an offer. Ultimately, a case is built with multiple offers and create competition among potential home buyers. 

- Easy Loan approvals: Despite your spending/other expenses. the Lenders approve your loan application by taking your gross income into consideration. 

- Easy Lot Release/Easy Appointments: Builders will offer very good customer experience and follow up with you on the appointment schedule's. 

Strategies Implemented for Buyers Benefit: 

- Offer Incentives/Free options/upgrades: Sellers will start offering free Incentives/upgrades to attract Buyers. 

- Waive off LOT Premiums: sellers will waive off Lot premiums where the Inventory levels go high in the Median area. 

- Price Reductions: This is becoming possibility from Motivated home sellers and Supply demand equation. 

This summer season will be very Interesting because the Interest rates are all time high and only konedi mana desi santha. There has been a very inorganic growth in Residential Real Estate in the last 4 years.. 

 

 

Reventure gadi la ayipoyav anna.. 

[CherryGaru]

7 hours ago, LadiesTailor said:

I don’t know what you talking about but maa area (VA) lo bidding wars kooda avuthunnayu… don’t know what to believe 

You are right,, see the examples above