Existing home sales fell in April to the lowest level since the start of the pandemic

[veerigadu]

https://www.cnbc.com/2022/05/19/existing-home-sales-fell-in-april-to-lowest-level-since-start-of-pandemic.html

[Guest]

New constructions kuda anthe aynay anna

[VictoryTDP]

Konevaadu kontune unnadu 

[csrcsr]

2 minutes ago, Guest said:

New constructions kuda anthe aynay anna

True no daddady listening it will be interstung to see any body will backout in extreme 6 months for long opening delivery homes with interest rates

[sarfaroshi]

1 minute ago, csrcsr said:

True no daddady listening it will be interstung to see any body will backout in extreme 6 months for long opening delivery homes with interest rates

Ppl are paying Monthly Fee to lock the previous Intrest rates...

[csrcsr]

Just now, sarfaroshi said:

Ppl are paying Monthly Fee to lock the previous Intrest rates...

Still bro people are doing but chala.mandi money evaporated on recent stock they though they can sell.later some speculation yes few friends locked but not at previous interst rates 

[Netflixmovieguz]

7 minutes ago, csrcsr said:

True no daddady listening it will be interstung to see any body will backout in extreme 6 months for long opening delivery homes with interest rates

Yuva rakkthaam anntee bro. Okkassari 2008 parrricheeyyam chhetthee set aithaaru

[neekunuvvetopu]

1 minute ago, Netflixmovieguz said:

Yuva rakkthaam anntee bro. Okkassari 2008 parrricheeyyam chhetthee set aithaaru

antha hard undadu eee saari 

[csrcsr]

Just now, Netflixmovieguz said:

Yuva rakkthaam anntee bro. Okkassari 2008 parrricheeyyam chhetthee set aithaaru

Chepalemu bro new houses where our guys are buying in core areas like Dallas, bay area interior suburbs like (river islands tracy hills etc etc) indian ki usual ga fundamentals strong untayi kbati e areas lo antha impact kanpadadam ledu inka but we never know Job pothe ovari fundamentals aina bisucuite

[Pavanonline]

i think it'll take 1 more year for housing market to stabilize, highlights from article:

very little relief in the shortage of homes for sale. Inventory at the end of April stood at 1.03 million homes for sale, which is down 10.4% from April 2021

Tight supply kept home prices higher, despite rising interest rates. The median price of an existing home sold in April was $391,200, the highest on record and an increase of 14.8% from a year ago.

Sales of homes priced between $100,000 and $250,000 fell 29% year over year, while sales of those priced between $500,000 and $750,000 rose 19%. Sales of homes priced over $1 million rose 16% compared with a year ago

Sales continued to be swift with the average home sitting on the market just 17 days before going under contract

The number of households interested in becoming homeowners remains high, despite waning confidence that now is a good time to buy

New home purchase activity declined on a monthly and annual basis in April, as the spike in mortgage rates cooled demand

 

[veerigadu]

4 minutes ago, Pavanonline said:

i think it'll take 1 more year for housing market to stabilize, highlights from article:

very little relief in the shortage of homes for sale. Inventory at the end of April stood at 1.03 million homes for sale, which is down 10.4% from April 2021

Tight supply kept home prices higher, despite rising interest rates. The median price of an existing home sold in April was $391,200, the highest on record and an increase of 14.8% from a year ago.

Sales of homes priced between $100,000 and $250,000 fell 29% year over year, while sales of those priced between $500,000 and $750,000 rose 19%. Sales of homes priced over $1 million rose 16% compared with a year ago

Sales continued to be swift with the average home sitting on the market just 17 days before going under contract

The number of households interested in becoming homeowners remains high, despite waning confidence that now is a good time to buy

New home purchase activity declined on a monthly and annual basis in April, as the spike in mortgage rates cooled demand

 

Summer lo sales are usually high. More pronounced effects in housing can be observed after August. 

[Apple_Banana]

Necessary and last 2 years nundi pressure vundevallu enter avutaru 1-3 months then we will see actual market. I am now getting email/call everyday from builders as they checking about my availability in market which completely other way a month back. 

[csrcsr]

16 minutes ago, Apple_Banana said:

Necessary and last 2 years nundi pressure vundevallu enter avutaru 1-3 months then we will see actual market. I am now getting email/call everyday from builders as they checking about my availability in market which completely other way a month back. 

Yaa until month back river islands lo velthe jathara appointment lekunde go away anetodu asalu manalni deke vadu ledu illu kone experience kakunda edo jatara la Saman kontalu behave chese valu monna last week velthe kurchupetti matladthunaru can see the difference 

[Apple_Banana]

8 minutes ago, csrcsr said:

Yaa until month back river islands lo velthe jathara appointment lekunde go away anetodu asalu manalni deke vadu ledu illu kone experience kakunda edo jatara la Saman kontalu behave chese valu monna last week velthe kurchupetti matladthunaru can see the difference 

I am guessing by year end we will see some change in new home prices. Used home prices already declining. A month back Maa friend Dallas lo 720 home ki 800 offer chesadu.. similar size home now listing around 700 with no offers on the table.

[Sreeven]

Inflation valla construction cost 35% perigindi. I don't think house price go down but may be stabilizes here..Inflation inka perigithe new house costs inka perugutayi