Home Price reductions thread

[akkum_bakkum]

5 hours ago, jpismahatma said:

They reduced price by $1. Super discount.

Ee sari bata cheppu rate esdam…0.99 taggisdam.

[Sonu_Patel]

15 hours ago, jpismahatma said:

Be greedy but don’t be over greedy anna. 

kitty neighbors baga promos chesi over 800k - 850k valuations techukunnaru.. but ipudu reality lo prices dropped to 700k and still no one is interested to buy. 

akkada sales avatledhu ani ... aakhariki chillar gadu Ravi telugu traveller gaditho kuda promos cheyinchi mingaru.. 

 

 

[VanceChilukuri]

bokka reductions...washington state lo ippatikee kuda auctions vesthunnaru

[jpismahatma]

26 minutes ago, VanceChilukuri said:

bokka reductions...washington state lo ippatikee kuda auctions vesthunnaru

 

north east kuda atlane unnadhi. We need sonu anna  @Sonu_Patel  here to coach desis.

[VanceChilukuri]

42 minutes ago, jpismahatma said:

 

north east kuda atlane unnadhi. We need sonu anna  @Sonu_Patel  here to coach desis.

ignore him, he doesn't know the ground reality

[Sonu_Patel]

1 hour ago, VanceChilukuri said:

bokka reductions...washington state lo ippatikee kuda auctions vesthunnaru

South East lo baga challa badindi.. antha easy ga sales jaragadam ledu.. 

open houses ki evadu veladam ledu

re-sales are in big trouble. 

[Sonu_Patel]

Just now, VanceChilukuri said:

ignore him, he doesn't know the ground reality

anna.. examples esi maree. price reductions prove chesa anna..

ground reality antav endhanna.. 

nuvvu chepu ah ground reality ante ento.. vintaam

[VanceChilukuri]

2 hours ago, Sonu_Patel said:

South East lo baga challa badindi.. antha easy ga sales jaragadam ledu.. 

open houses ki evadu veladam ledu

re-sales are in big trouble. 

fed rate cuts are on the way....just a matter of time home prices would double....people have lots of cash in hand...they are just waiting for the rate cuts

[Democraticcompulsion]

2 hours ago, VanceChilukuri said:

fed rate cuts are on the way....just a matter of time home prices would double....people have lots of cash in hand...they are just waiting for the rate cuts

Rate cuts start Aite inka wait chestaru.

Affordability at 3% vs 6% can vary vastly.

[jpismahatma]

2 hours ago, Democraticcompulsion said:

Rate cuts start Aite inka wait chestaru.

Affordability at 3% vs 6% can vary vastly.

Projections chuskonanna 3% kastame @Sonu_Patel

 

[Konebhar6]

Mortgage rates depend on 10- yr treasury which is dependent on fed rates and inflation.

[jpismahatma]

9 hours ago, Konebhar6 said:

Mortgage rates depend on 10- yr treasury which is dependent on fed rates and inflation.

Ante endhi anna. Fed rates and 10 year antunnavu ?

[Sonu_Patel]

16 hours ago, VanceChilukuri said:

fed rate cuts are on the way....just a matter of time home prices would double....people have lots of cash in hand...they are just waiting for the rate cuts

Double ah.. antha bomma ledhu anna.. big greedy teddy vi unnattu unnav.. 

[jpismahatma]

13 minutes ago, Sonu_Patel said:

Double ah.. antha bomma ledhu anna.. big greedy teddy vi unnattu unnav.. 

Probably his thinking is the prices of homes will increase so that you dont find difference if apr goes down.

 

if you are paying $5k with  7% apr.  you will still pay $5k per month with 3% apr but the price of home will increase to it.

Instead of paying interest, you will pay for house price. ex $1 mill home will cost $1.5 mill anna. I think it makes sense to an extent. 

 

@VanceChilukuri one point missing here is. if there are 100k families  paying $5k with 7.1 % interest. The pool of buyers will not change. if they see the mortage monthly is same with decreased apr. the people will back out. for them it doesnt matter if it is interest paid or home price. To get more buyers/seilers into fold there should be equilibrium.  Prices of home will increase with apr going down but it will not be abrupt increase like double. Again RE is location based too.

 

 

[VanceChilukuri]

1 hour ago, jpismahatma said:

Probably his thinking is the prices of homes will increase so that you dont find difference if apr goes down.

 

if you are paying $5k with  7% apr.  you will still pay $5k per month with 3% apr but the price of home will increase to it.

Instead of paying interest, you will pay for house price. ex $1 mill home will cost $1.5 mill anna. I think it makes sense to an extent. 

 

@VanceChilukuri one point missing here is. if there are 100k families  paying $5k with 7.1 % interest. The pool of buyers will not change. if they see the mortage monthly is same with decreased apr. the people will back out. for them it doesnt matter if it is interest paid or home price. To get more buyers/seilers into fold there should be equilibrium.  Prices of home will increase with apr going down but it will not be abrupt increase like double. Again RE is location based too.

 

 

interest rates would come down to 4 or 3%, many people have multiple jobs and just waiting for the rates to come down...one couple I know have 4 jobs...their yearly gross is close to 1M USD