Future of housing market in my opinion.

[Pandubabu]

1 hour ago, kichikamukavu said:

unless people are losing jobs housing market wont go down . supply of new homes is still very low to meet demand . 

 

Look at the recent numbers . Building new homes picked up a lot . After 2008, US did not build as many homes as it wanted to.

Ippudu choodu xerox gudhinattu new homes gudhutharu.

There will be a correction for sure . Correction not necessarily the current homes go down 20%. 

Even if the existing homes don't appreciate for 5 years.  That is still like 5% loss annually (usual inflation number ) compounded over 5 years 

[kichikamukavu]

2 hours ago, Pandubabu said:

Look at the recent numbers . Building new homes picked up a lot . After 2008, US did not build as many homes as it wanted to.

Ippudu choodu xerox gudhinattu new homes gudhutharu.

There will be a correction for sure . Correction not necessarily the current homes go down 20%. 

Even if the existing homes don't appreciate for 5 years.  That is still like 5% loss annually (usual inflation number ) compounded over 5 years 

nenu chuse maha correction ayithe . too hot seller market poyi normal avuthundhi anukuntunna .

[trent]

Be ready for 20% correction 

[trent]

Already ma area lo 2500-3000 sft dettached homes 2million nunchi 1.6-1.7 ki vachay.

ivi 1.3-1.4 ki vasthay inko 6 months lo

[tables]

Just now, trent said:

Already ma area lo 2500-3000 sft dettached homes 2million nunchi 1.6-1.7 ki vachay.

ivi 1.3-1.4 ki vasthay inko 6 months lo

which area rey?

[veerigadu]

Just now, trent said:

Already ma area lo 2500-3000 sft dettached homes 2million nunchi 1.6-1.7 ki vachay.

ivi 1.3-1.4 ki vasthay inko 6 months lo

Gattigaaa padthunnayiiii antaaaa ga Canada lo 

[veerigadu]

Just now, tables said:

which area rey?

Toronto batch manoduuu

[Pandubabu]

20 minutes ago, tables said:

which area rey?

And real estate is very region specific.  Austin might might its pants . May be not miami.

[trent]

1 hour ago, veerigadu said:

Gattigaaa padthunnayiiii antaaaa ga Canada lo 

Yes, started falling slowly.

I thought of sell my home in feb that time it is 1.5 , now it is at 1.4 roughly 

20-25% correction vuntadi antunnaru e yr end lopu

[anna_gari_maata]

19 minutes ago, trent said:

Yes, started falling slowly.

I thought of sell my home in feb that time it is 1.5 , now it is at 1.4 roughly 

20-25% correction vuntadi antunnaru e yr end lopu

Antha correction vaste recession mamul ga undadu

[Apple_Banana]

Even Cumming area lo 1 month back each home have 20 offers now 1 or 2 that too minimum earnest money. As someone said unless job market effected no worries about housing market just it may slow down. But no one knows what’s next..😳

[krishnaaa]

3 hours ago, Apple_Banana said:

Even Cumming area lo 1 month back each home have 20 offers now 1 or 2 that too minimum earnest money. As someone said unless job market effected no worries about housing market just it may slow down. But no one knows what’s next..😳

Not only that....people refinanced and put that money in Faang. Even Faang employees bought houses thinking about their RSUs.

Netflix dropped 37% today. Meta dropped 8%.  Cinema started.

 

[viky]

21 hours ago, trent said:

Already ma area lo 2500-3000 sft dettached homes 2million nunchi 1.6-1.7 ki vachay.

ivi 1.3-1.4 ki vasthay inko 6 months lo

I think its because , canada recently proposed a  rule kada, no foreign investors should by houses for 2 years ani, thats actually good