Lennar Homes report shows where housing market is softening!

[Ravi860]

Lennar Homes, 2nd largest builder in US in their recent report of June 21. They categorised these markets with in terms of softening demand.

Minimal Impact: 

FL,NJ, MD, Charlotte, IN, Chicago, Dallas, Houston, San Antonio, Phoenix, San Diego, Orange County and Inland Empire.

Moderate Impact:

Atlanta, CO, Charleston, Myrtle Beach, Nashville, Philadelphia, Virginia, Bay area, Reno and Salt Lake City.

Significant Impact: 

Raleigh, MN, Austin, LA, Central Valley and Seattle.

https://www.barrons.com/articles/housing-markets-stocks-rates-prices-51655846075?mod=bar_RHF

[Hitman]

Florida no impact?

[Ravi860]

3 minutes ago, Hitman said:

Florida no impact?

They didn’t mention in list for some reason 

[Ravi860]

11 minutes ago, Hitman said:

Florida no impact?

Nvm they included Florida in minimal impact 

https://www.barrons.com/articles/housing-markets-stocks-rates-prices-51655846075?mod=bar_RHF

[Sreeven]

25 minutes ago, Ravi860 said:

Nvm they included Florida in minimal impact 

https://www.barrons.com/articles/housing-markets-stocks-rates-prices-51655846075?mod=bar_RHF

Not major but slowly people are cutting prices..I see 20k to 30k on 700k homes

[Android_Halwa]

Raleigh aithe chala correction avutundi and even new homes kuda lot of builders started giving offers again..

[Fish]

All these builders, realtors, real estate investors are spreading news that worst is over, house prices decreased by 40% and now it’s the good time to buy home again 

[uyghur12]

3 minutes ago, Android_Halwa said:

Raleigh aithe chala correction avutundi and even new homes kuda lot of builders started giving offers again..

Austin lo aithe significant.... 60 to 70k less ... should pity on those who bought at high

[no01]

3 minutes ago, uyghur12 said:

Austin lo aithe significant.... 60 to 70k less ... should pity on those who bought at high

I'm surprised why Austin in Significant impact and not in minimal or moderate category. What could be the reason? 

[Fish]

3 minutes ago, no01 said:

I'm surprised why Austin in Significant impact and not in minimal or moderate category. What could be the reason? 

2 years back people might have bought for investment purpose and now they want to sell it off 

[Ravi860]

22 minutes ago, no01 said:

I'm surprised why Austin in Significant impact and not in minimal or moderate category. What could be the reason? 

Prices up by 30-40% anta last 2 years so it has to come down 

[AnandaVivek]

Austin in significant group only coz it went up higher than other places..not because they f lack of demand..They came back to Dec prices only even after drop..

[no01]

33 minutes ago, Ravi860 said:

Prices up by 30-40% anta last 2 years so it has to come down 

isn't this case everywhere? and many big companies moved to Austin and more to expect in coming years.

[Ravi860]

4 minutes ago, no01 said:

isn't this case everywhere? and many big companies moved to Austin and more to expect in coming years.

Doesn’t matter I guess with high interest rates and bad economy. Time will answer. 

[Pavanonline]

1 hour ago, Hitman said:

Florida no impact?

net inflow unna vatiki peddaga impact undakapovachu.