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US Real Estate market set for Great Correction!


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Posted
14 minutes ago, human1234 said:

I don't know about last 3 years but if thatha continues this tariff penta, your wish will come true 

He will continue and bring up other new challenges also anna. 

  • 3 months later...
Posted
On 4/28/2025 at 11:57 AM, ErraBook_monagadu said:

This tejam  house bought 2022 for $850k.

now dropped price to $750k, no buyers three months.

Expect to pay additional funds to clear mortgage if it finally sells. It will sell about 550k.

most houses sold after 2022 same situation, you have sell india properties to clear the mortgage deficit funds.

 

House still not sold, price dropped to $700k now. In just 3 years,

depreciation loss atleast 150k

selling buying costs 50k

property tax 50k

vacancy cost 30k

maintenance utility extra 20k

interest 100k

total 400k minimum

https://www.realtor.com/realestateandhomes-detail/5938-Lenin-Priego-St_Tracy_CA_95377_M90029-60708

 

Posted
On 4/28/2025 at 2:50 PM, Sonu_Patel said:

Homes sitting idle in the market with No Interest and No offers. 

Last 2 years downtime lo kuda mana telugu tejaalu memunnam annaru.. home buyers ekada poyaru anna meerantha.

what are the reasons that contributed to this situation. 

#Na posts valli ani dobbamakandi.. I have been warning from last 3 years. 

man...db antha nee meeda ekkaru last 5 years lo. chivariki nuvve correct ayyavu. solid anukunna seattle, bay area, dallas kuda shake avuthunnayi. 35% correction ki vellayi. 

  • Upvote 1
Posted
1 hour ago, paaparao said:

man...db antha nee meeda ekkaru last 5 years lo. chivariki nuvve correct ayyavu. solid anukunna seattle, bay area, dallas kuda shake avuthunnayi. 35% correction ki vellayi. 

Bay Area settled places 10%. H1B remote places 20%

  • Haha 1
Posted
2 hours ago, paaparao said:

man...db antha nee meeda ekkaru last 5 years lo. chivariki nuvve correct ayyavu. solid anukunna seattle, bay area, dallas kuda shake avuthunnayi. 35% correction ki vellayi. 

Bay area 35% correction aa lol

Posted
2 hours ago, paaparao said:

man...db antha nee meeda ekkaru last 5 years lo. chivariki nuvve correct ayyavu. solid anukunna seattle, bay area, dallas kuda shake avuthunnayi. 35% correction ki vellayi. 

Bay Area lo which area bro 35% correction....47osjd.gif

  • Haha 1
Posted
7 minutes ago, Anta Assamey said:

Bay Area lo which area bro 35% correction....47osjd.gif

Ade ga comedy 🤣🤣🤣

Posted
41 minutes ago, Anta Assamey said:

Bay Area lo which area bro 35% correction....47osjd.gif

poyi chekodilu  ammukokapoyava aa area lo kanabadevi 35% correction tho.

Posted
43 minutes ago, Anta Assamey said:

Bay Area lo which area bro 35% correction....47osjd.gif

Tracy Hills come close to that fall. Existing homes do not reflect the changes. However new homes are offered at huge discounts. Prices reduced + incentives of 200k. Of course the prices still do not justify those places. Super inflated. I would say around 20-30% from top. 
Mountain house around 20%

Posted
1 hour ago, Konebhar6 said:

Tracy Hills come close to that fall. Existing homes do not reflect the changes. However new homes are offered at huge discounts. Prices reduced + incentives of 200k. Of course the prices still do not justify those places. Super inflated. I would say around 20-30% from top. 
Mountain house around 20%

Some one said tracy was added to fire area zone. Insurance will be too high ani commented.

Posted
7 minutes ago, jpismahatma said:

Some one said tracy was added to fire area zone. Insurance will be too high ani commented.

It’s true. The other side of highway, no communities. Newer ones are coming up. Declared high risk zone. But prices are dropped on the other side as well which is not risky as well

Posted
2 minutes ago, Konebhar6 said:

It’s true. The other side of highway, no communities. Newer ones are coming up. Declared high risk zone. But prices are dropped on the other side as well which is not risky as well

Also Austin is crashing…all of these will change as soon as povell thatha starts cutting rates

Posted
9 minutes ago, Konebhar6 said:

It’s true. The other side of highway, no communities. Newer ones are coming up. Declared high risk zone. But prices are dropped on the other side as well which is not risky as well.

Posted
Just now, AnandaVivek said:

Also Austin is crashing…all of these will change as soon as povell thatha starts cutting rates

Yes. It’s a buyers market now. Q4 best time to buy if one is in market. Still large gap in supply demand for homes. 
Dont take rate cuts for granted. It’s not as easy as it’s showcased. 
 

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