Home prices are set to soar in 2018 - భయపడవద్దు

[Hitman]

• Sales prices jumped 7 percent annually in November, according to a new report from CoreLogic.
• Low supply and high demand are fueling the gains and neither of those is expected to ease up anytime soon.

 

The temperature may be frigid across much of the nation, yet home prices are sizzling and sellers are in the hot seat.

Sales prices jumped 7 percent annually in November, according to a new report from CoreLogic.

That is the third straight month at that pace, far higher than the price gains in the first half of 2017. Low supply and high demand are fueling the spurt and neither of those is expected to ease up anytime soon.

 

Supply is actually falling even more now, and a strengthening economy is pushing demand. This will have potential buyers out early this year, trying to get a jump on the spring market.

"Rising home prices are good news for home sellers, but add to the challenges that home buyers face," said Frank Nothaft, chief economist at CoreLogic, in the report. Nothaft said the limited supply is the worst at the lower end, and will hit the growing number of first-time buyers hardest.

[kakatiya]

Let me tell you something..in places like dalls Atlanta only desis formed bubble in housing. If you sell house today, 3 out of 4 buyers will be desis. If h1b extension is out then you have to bargain price with non Desi. They can't afford 600,000$ houses and will bargain it to 200,000$ which is actual retail price. Both banks and house owners will be at loss.  

More or less same situation happened in 2008. At that time even no one came forward to buy Toyotas Honda's that we desis use :'(

[Hitman]

5 minutes ago, kakatiya said:

Let me tell you something..in places like dalls Atlanta only desis formed bubble in housing. If you sell house today, 3 out of 4 buyers will be desis. If h1b extension is out then you have to bargain price with non Desi. They can't afford 600,000$ houses and will bargain it to 200,000$ which is actual retail price. Both banks and house owners will be at loss.  

More or less same situation happened in 2008. At that time even no one came forward to buy Toyotas Honda's that we desis use :'(

Yes it applies only Desi concentrated areas, i agree,. rest no issues. like South Florida, the market is very hot..

[kakatiya]

26 minutes ago, Hitman said:

Yes it applies only Desi concentrated areas, i agree,. rest no issues. like South Florida, the market is very hot..

Akkada Mana desis illulu mushrooms laga konaru

 

Chicago , Boston st.louis California few places.mana vllki Baga punctures paddai

[Guest]

14 minutes ago, kakatiya said:

Akkada Mana desis illulu mushrooms laga konaru

 

Chicago , Boston st.louis California few places.mana vllki Baga punctures paddai

paddai ante 2008 lo na

[kakatiya]

20 hours ago, Guest said:

paddai ante 2008 lo na

Yup

[princeofheaven]

20 hours ago, Guest said:

paddai ante 2008 lo na

2008 lo kuda ippudu laage full pump chesara mana desis market ni

[princeofheaven]

21 hours ago, kakatiya said:

Let me tell you something..in places like dalls Atlanta only desis formed bubble in housing. If you sell house today, 3 out of 4 buyers will be desis. If h1b extension is out then you have to bargain price with non Desi. They can't afford 600,000$ houses and will bargain it to 200,000$ which is actual retail price. Both banks and house owners will be at loss.  

More or less same situation happened in 2008. At that time even no one came forward to buy Toyotas Honda's that we desis use :'(

aa sandy springs dunwoody ninda mana telugu santhe

[perugu_vada]

H1 issue kani nijamaithe baga padathay desi areas lo houses, too much penchi dobbaru lekapothe school zone ani

[TampaChinnodu]

1 minute ago, perugu_vada said:

H1 issue kani nijamaithe baga padathay desi areas lo houses, too much penchi dobbaru lekapothe school zone ani

Scott Evans of First Texas Homes designed two communities on either side of the Karya Siddhi Hanuman Hindu temple, a glittering monument that opened between Independence and Custer in Frisco in 2015 and drew national attention. Before that, he knew little about vastu shastra, the Hindu science of architecture that establishes building principles for spatial arrangements, directional alignments, and symmetry. He’s learned a lot, and he’s learned fast.

Much of the growing Indian population in North Texas is concentrated in Collin County, where schools are strong, homes new, and companies headquartered. And many of these Indian homebuyers are looking for vastu compliance.

Laxmi Tummala, who has worked in the North Texas real estate market for 14 years, focuses her business on Frisco. She says that roughly three quarters of her predominantly Indian clientele adhere to the principles of vastu, to varying degrees, when choosing a home.

STAR SIGN

 

Stringent vastu followers might engage a consultant to tailor their home alignment to their astrological charts. But even for non-vastu practitioners, desired characteristics often include:

• 18- to 20-foot ceilings
• master and second bedroom on ground floor
• natural light
• new construction
• gated communities
• well-ventilated kitchens

Which direction the front of the house faces is the primary concern. North, east, and northeast are generally considered the most auspicious for the positive forces vastu seeks to harness, whereas west is passable and south-facing is the least desirable. However, vastu also takes into account the astrological signs of the owners, so that the optimum direction of the home will depend on the individual.   

Secondary considerations include where the master bedroom lies. The southwest corner is preferred, but the northeast corner, which ideally houses a puja or prayer room, is off limits. The kitchen’s placement is also important and, within the kitchen, which direction the cooktop faces. Though this level of detail is only for the most stringent, sales have foundered on the stove’s positioning.

That’s where builders like Evans step in. He wants nothing in his designs to seem inexplicable to a non-vastu eye. A light, bright room with tile, perfect for a puja’s candles, is also a sunroom. And yet those with an eye for vastu, he says, “would know exactly why I did what I did.”

In general, builders have become far more cognizant of how and where to build on a lot, even organizing communities so that street layouts favor the appropriate plot orientations—based on the understanding that north- or east-facing homes in most cases will fetch a premium and sell faster. Evans has closed out four communities and is opening a fifth, and, typically, the last 10 to 20 homesites that lingered were all south-facing.

Site orientation has become such a concern that Tummala has been asked for advice on how to salvage undesirable lots. “I’ve even had builders call me and say, ‘Listen, I have a south-facing lot. Which way should I flip it? Which is the lesser of the evils?’ ” she says.

In turn, she warns non-Hindu buyers of the temptation to buy a south-facing house at a reduced price considering the growing Indian market. “You’ll probably get a better deal now,” she says, “but you’ll have to give a better deal later.”