Housing market predictions

[hydusguy]

7 hours ago, Fish said:

Chaala mandi home buying posts chusaaka…wanted to understand pros and cons of buying house in this current market

Few economists are saying it’s a bubble….friends are saying low interest rates anduke kontunnam….full confusion undi

Nannu thittakandi but I feel it’s in a bubble…..Please add your predictions 

investment buying is not a good idea.. but first time buying  i would go ahead. 

[nokia123]

7 hours ago, Fish said:

Chaala mandi home buying posts chusaaka…wanted to understand pros and cons of buying house in this current market

Few economists are saying it’s a bubble….friends are saying low interest rates anduke kontunnam….full confusion undi

Nannu thittakandi but I feel it’s in a bubble…..Please add your predictions 

Demand ithe ippatlo padadhu baa…very low inventory due to supply chain issues …they will continue till 2023. Intrest rate penchutaru kaani drastic ga kadhu ….step by step slow ga chestharu…so market stabilize ayithundhi..or else 20% correction untadhi demand lekapothe 

Crash avvali ante Fed gallu chethullo undhi ..vallu foreclosure’s allow chesi money pumping aapithe bubble burst avuthadhi…but vallu adhi jaraganiyyaru…ippudu omicron vanka tho inka extend chesi show continue settharu 

 

bottom line- if you are ready for 20% correction go ahead and buy…otherwise wait…but you will not be able to predict the all time low and time the market 

[terminator_desi]

phoenix ,austin lanti areas lo prices down aye chance ledu anukunta.last one year lo 30% increase ayindi.I am planning to buy in phoenix in next couple of months

[Fish]

1 hour ago, nokia123 said:

Demand ithe ippatlo padadhu baa…very low inventory due to supply chain issues …they will continue till 2023. Intrest rate penchutaru kaani drastic ga kadhu ….step by step slow ga chestharu…so market stabilize ayithundhi..or else 20% correction untadhi demand lekapothe 

Crash avvali ante Fed gallu chethullo undhi ..vallu foreclosure’s allow chesi money pumping aapithe bubble burst avuthadhi…but vallu adhi jaraganiyyaru…ippudu omicron vanka tho inka extend chesi show continue settharu 

 

bottom line- if you are ready for 20% correction go ahead and buy…otherwise wait…but you will not be able to predict the all time low and time the market 

Already foreclosures started from Dec, which means better inventory next year kada….not arguing but pros and cons thelusukuntunna anthe 

[rmJU72]

if home is <= 500k for a 2000+ sqft in a tech area, and if you are confident of a stable job through the next 5-6 years, then go fwd.

usually even if market falls it may fall by 100k for such a house, which you being a tech worker can still bear. 100k may seem high loss in your beginning working days, but you can bear it if you can work consistently. meanwhile you would also have satisfaction of living, having family, kids in your own house.

for around 500k house, it will come back to those prices again at some time or the other. monthly payments also will be reasonable for a tech salary. take 10/1 arm to get better rates. no one usually stays full 30yrs in same house.

[cool_boy]

7 hours ago, Fish said:

Planning to move to Texas next year if WFH continues 

meeru ellaka emina reasonable rates lo homes unte chepandi.

[Fish]

36 minutes ago, cool_boy said:

meeru ellaka emina reasonable rates lo homes unte chepandi.

 

[Thokkalee]

Even if inventory (foreclosures or new ones or old houses) is available, there are still far too many people looking to buy a home and most of them with a stable income… not FOMO.. so if you are planning to in the next year, the sooner you start the better it is.. 

[pakeer_saab]

1 hour ago, Fish said:

Already foreclosures started from Dec, which means better inventory next year kada….not arguing but pros and cons thelusukuntunna anthe 

foreclosure process takes long time and they don't get into regular inventory, if you think you can buy a foreclosured property, you might be mistaken

foreclosure properties are not maintained and they are at best taken over by banks and rent it away to property management companies

we need an entire year of bad job markets to really impact to have large number of foreclosures, something like it happened in 2008

what happened in 2008 is hard this time, reason being very stringent criteria for home loans, which was absent during that time

 

[Fish]

19 minutes ago, Thokkalee said:

Even if inventory (foreclosures or new ones or old houses) is available, there are still far too many people looking to buy a home and most of them with a stable income… not FOMO.. so if you are planning to in the next year, the sooner you start the better it is.. 

I am assuming prices might come down next year because of More Foreclosures(forbearance ended), Evictions combined with interest rate hike and also back to office (non IT).moreover inflation chaala high undi and if govt dabbulu economy Loki Inka pump chesthe, inflation Inka peruguthundi….which is not good in long run

[Fish]

13 minutes ago, pakeer_saab said:

foreclosure process takes long time and they don't get into regular inventory, if you think you can buy a foreclosured property, you might be mistaken

foreclosure properties are not maintained and they are at best taken over by banks and rent it away to property management companies

we need an entire year of bad job markets to really impact to have large number of foreclosures, something like it happened in 2008

what happened in 2008 is hard this time, reason being very stringent criteria for home loans, which was absent during that time

 

2008 repeat avthundi anadam Ledu but house inventory peruguthundi next year and home prices might stabilize antunna

[pakeer_saab]

51 minutes ago, Fish said:

2008 repeat avthundi anadam Ledu but house inventory peruguthundi next year and home prices might stabilize antunna

home inventory ela perutundi antaavu.. with covid supply chain issues are not easing anytime soon

 

[Doravaru]

8 hours ago, Fish said:

Meanwhile will look for another job in Texas or completely remote job 

Andaru idey answer chestunnaru recent times lo.. Mari remote jobs antha easy aynaya leka job market antha open ayinda anedi artham aythayledu! Everyone answering same … job maari local Texas city lo chuskunta ani.. adi antah easy ayithey kadu 

[Fish]

1 hour ago, Doravaru said:

Andaru idey answer chestunnaru recent times lo.. Mari remote jobs antha easy aynaya leka job market antha open ayinda anedi artham aythayledu! Everyone answering same … job maari local Texas city lo chuskunta ani.. adi antah easy ayithey kadu 

Ipudu unna market lo lot of them are offering remote positions…permanent remote kaaka povochu but long term undochu…I am also waiting to see how this market goes

[sattipandu007]

14 hours ago, Fish said:

Interest rates peruguthe, inti rates peragavu emo because there will be not many buyers….interest rates thakkuva undadam valla chaala mandi rental income kosam konnaru

i don't think interest rates will have any meaningful effect. maha ithe 4 to 5% chestaru, which is still low. and with inflation cost of building is only going to go up.