The Fed Just Started a MORTGAGE DISASTER in the 2022 Housing Market

[Rao_Garu]

Just now, Spartan said:

already 4% aipoindi anna

expected aa...still a lot of people waiting for a pull back.

poor fellows thinking like 2008 gonna happen again lol.

[Netflixmovieguz]

7 minutes ago, Rao_Garu said:

Home prices padavu but interest rates pergochu......

even if there is no demand in the market they will not reduce home prices. interest rates pergutaai.

realtors know how to create pull cash out of your a$$.

 

Home prices will have its correction. Prices right away paddaavvu, perragavvu. Eventually it will come down Fall of 2022 and beyond. Mark this

[chandrabhai7]

17 minutes ago, Spartan said:

4-5% foreclosures i for bank issue not realtor issue no...

realtor ki muttalsina dabbul muttestai nuvvu close cheyagane..he will move on.

It’s a cycle man. Banks effect aytey anni effect avtay. Luckily 2007 la too much loans ivvale du Ee sari 40K salary vallaki kooda 700K houses loan granted appatlo. Now Antha Ledu 

[Rao_Garu]

Just now, Netflixmovieguz said:

Home prices will have its correction. Prices right away paddaavvu, perragavvu. Eventually it will come down Fall of 2022 and beyond. Mark this

yeah, but it will not be like 2008. there are lot of buyers holding cash ready to buy. This is buyers market with lot of FOMO going on.

entha correction ayina prices pergakunda aagipotaayemo kaani padavu. padda koddi close aithaane untaai.

 

[Vaampire]

28 minutes ago, Spartan said:

simple logic man.

Builders  bought raw material at inflated price.

vadu pettina dabbulu and kattina inventory ki...vadu rate tagginchadu....

he will slow down the inventory in the market again to keep the prices up.

kaneesam vadu pettina dabbul aina rabattukuntadu...

this will keep market stable peak price or rise...but they will not let it go down...

Mortgage rates antara...intak mundu 2M ki illu konadaiki ready ainodu 1.5M di kontadu anta avasaram unte..

ante kaani a 2M illu 1.5M ki padtadi ani anukovadam waste...

@Vaampire logic correct a

True for areas like tx where lot of new constructions happening. Bay area lanti place lo new constructions thakkuva gaa

[chandrabhai7]

1 minute ago, Rao_Garu said:

yeah, but it will not be like 2008. there are lot of buyers holding cash ready to buy. This is buyers market with lot of FOMO going on.

entha correction ayina prices pergakunda aagipotaayemo kaani padavu. padda koddi close aithaane untaai.

 

neku Ardam avatledu house prices peragakapotey it’s a concern in USA. That’s the start of foreclosures 

[mirchi_bajji]

10 minutes ago, Rao_Garu said:

expected aa...still a lot of people waiting for a pull back.

poor fellows thinking like 2008 gonna happen again lol.

rates perigithe cash tho kontam ani thoda kodthunnaru emchestham...

[sureshkonda]

9 minutes ago, Netflixmovieguz said:

Home prices will have its correction. Prices right away paddaavvu, perragavvu. Eventually it will come down Fall of 2022 and beyond. Mark this

maa builder demand chusi $30K penchadu new home  construction prices..adi 2 weeks lo

[Spartan]

6 minutes ago, Vaampire said:

True for areas like tx where lot of new constructions happening. Bay area lanti place lo new constructions thakkuva gaa

yes anduke ikkada padavu akkada padavu...

old construction lo they will reduce the inventory, market ki raaru ammadaniki chala mandi unless dire need.

[Netflixmovieguz]

5 minutes ago, sureshkonda said:

maa builder demand chusi $30K penchadu new home  construction prices..adi 2 weeks lo

Konnessi places llo 100% min perrgayyi. Iddhi healthy antunnaaru db pedhallu. Wait for q3 of 2022 and beyond.

[Fish]

1 hour ago, Swatkat said:

Arey fishu manaki good news @Fish

Market takes 2-3 years to correct so apude manchi rojulu raavu 

[Swatkat]

6 minutes ago, Fish said:

Market takes 2-3 years to correct so apude manchi rojulu raavu 

Inka mana bhatukulu inthena alopala interest rates perigi adhela kompallo undaleka em chepali e kastalanni nalanti kakulake vasthey ( by the way black crow)

[Fish]

1 hour ago, Spartan said:

simple logic man.

Builders  bought raw material at inflated price.

vadu pettina dabbulu and kattina inventory ki...vadu rate tagginchadu....

he will slow down the inventory in the market again to keep the prices up.

kaneesam vadu pettina dabbul aina rabattukuntadu...

this will keep market stable peak price or rise...but they will not let it go down...

Mortgage rates antara...intak mundu 2M ki illu konadaiki ready ainodu 1.5M di kontadu anta avasaram unte..

ante kaani a 2M illu 1.5M ki padtadi ani anukovadam waste...

@Vaampire logic correct a

Not everyone looks for a brand new home…if I get a 5 year old Home for a better price, I will definitely take that. I think for below reasons home prices will see a 3-5% correction this year

Opendoor and Zillow bought houses more than their market value which drove the prices higher….as mortgage interest rates are rising they are trying to dispose these homes lesser than thier purchase value….and I am aware that these homes only contribute to 1-3% of the available homes in the market 

will see raise in foreclosure homes and definitely lenders want to dispose them quickly which might see a little correction 

as mortgage interest rates are higher, already homes appreciated by 50% and inflation is higher….potential home buyers(average American) will back off since they cannot afford mortgage payments…this means less number of buyers in market which might see a little correction this year 

[mirchi_bajji]

emto ..US vachaka anni prices peragatam thapthe...thaggatam chudaledu. 

[Fish]

32 minutes ago, Swatkat said:

Inka mana bhatukulu inthena alopala interest rates perigi adhela kompallo undaleka em chepali e kastalanni nalanti kakulake vasthey ( by the way black crow)

This is a small calculation I did 

one of my colleague got house for $400,000 with 3% down in late 2020 abd interest rate was 2.6%….they pay 2600 mortgage/month(plus house tax)…now it appreciated to $600,000….if I had to buy same house, I need to pay monthly mortgage more than $3500 plus house tax….now renting costs me around $1800 for a 2 bed apartment in that area

even if I chose to build equity and buy 600K property….I will build equity around 15K(49%) per year plus house tax and renting costs me roughly $22K…agree that renting is expensive but I shouldn’t forget that I am buying house at 50% appreciated value and if in case market is unstable, may be I have some visa issues…if I want to sell and if it is buyers market then I will be in loss…agree that I would have enjoyed being in bigger home but I am happy in my 2 bedroom apartment too