interest rates & housing market

[enigmatic]

september lo interest rates tagge suchanalu vunnaya? are you seeing any slowdown in your cities?

there are new rules starting Aug 17th where seller does not have to pay for buyers agent commision. How are you dealing with your agent if you are a buyer? 

I see houses sitting longer before they sell in my area.   Wonder if i am missing something that everyone knows.

 
cc @Sonu_Patel

[Konebhar6]

5 hours ago, enigmatic said:

september lo interest rates tagge suchanalu vunnaya? are you seeing any slowdown in your cities?

there are new rules starting Aug 17th where seller does not have to pay for buyers agent commision. How are you dealing with your agent if you are a buyer? 

I see houses sitting longer before they sell in my area.   Wonder if i am missing something that everyone knows.

 
cc @Sonu_Patel

Sep rate cuts will happen. Chances are mostly 25 basis points. In CA also inventory increasing in pretty much every area. Some hot areas, prices have not dropped. But dropped a lot in other places. 15-20%. 

Rates drop will add more inventory. A lot will depend on job market and stock markets. 

[KonidelaBallayya]

24 minutes ago, Konebhar6 said:

Sep rate cuts will happen. Chances are mostly 25 basis points. In CA also inventory increasing in pretty much every area. Some hot areas, prices have not dropped. But dropped a lot in other places. 15-20%. 

Rates drop will add more inventory. A lot will depend on job market and stock markets. 

where in CA anna

[Pandubabu]

thaggina max 1 percent 

[jpismahatma]

31 minutes ago, Pandubabu said:

thaggina max 1 percent 

1 percent ante too much. 

[perugu_vada]

Interest rates aithe coming down .. a month back 7% unte .. now it is at 6% .. inka thagguthay definite ga 

[Chittoorodu]

Interest rates 5.5% ki ravachu by end of september and 5% maybe by end of the year if there is even 1 rate cut.

But the house prices are a different story.

[Paamu]

58 minutes ago, Chittoorodu said:

Interest rates 5.5% ki ravachu by end of september and 5% maybe by end of the year if there is even 1 rate cut.

But the house prices are a different story.

job market kooda important.. IT job market assamed kada so konaali ante baaga alochinchaali

[Chittoorodu]

44 minutes ago, Paamu said:

job market kooda important.. IT job market assamed kada so konaali ante baaga alochinchaali

100%

Kaani ikkada sentiment chustunte, andharu 2+ jobs chesey laga unnaru ga, ee market lo kuda

[Paamu]

1 hour ago, Chittoorodu said:

100%

Kaani ikkada sentiment chustunte, andharu 2+ jobs chesey laga unnaru ga, ee market lo kuda

Ya 2+ unna stability ledu kada. Pothe 2 pothay all at once. But normally desi crowd are smart so ok I guess 

[Konebhar6]

4 hours ago, KonidelaBallayya said:

where in CA anna

San Ramon, Dublin, Pleasanton Prices are steady. Homes getting sold only if priced to sell.

Brentwood dropped a lot. Mountain House, CA dropped some. Same with Tracy hills. 

Sacramento suburbs like Roseville, Rocklin, Folsom, ElDorado hills dropped a lot. 

[Konebhar6]

2 hours ago, Paamu said:

job market kooda important.. IT job market assamed kada so konaali ante baaga alochinchaali

Job market is really bad than what is being projected. Hopefully we will see a better 2025.

[Android_Halwa]

Southern California is seeing lot of price cuts but when there is a price cut, sellers are getting multiple offers jacking up the price again….

Overall 1-2 months matram padutundi to sell a home. 

Interest rates here doesn't have much room to influence the market as inventory is limited and no chance of new homes being built. This is keeping the market active in spite of high interest rates. 

[Chittoorodu]

8 minutes ago, Konebhar6 said:

Job market is really bad than what is being projected. Hopefully we will see a better 2025.

I guess it's going to get worse before it gets better. We still have AI bubble that needs to pop.

[Konebhar6]

Lets see .. I think we are very close to the worst of job losses.