Housing Market update

[Sonu_Patel]

- Despite having price cuts there is still lower demand for homes.

- Lower supply/Inventory is factoring in for retaining High prices.

- If More Inventory rolls out into market in September/October month, expect the home prices to correct atleast 10-15% by end of the year. 

[csrcsr]

6 minutes ago, Sonu_Patel said:

- Despite having price cuts there is still lower demand for homes.

- Lower supply/Inventory is factoring in for retaining High prices.

- If More Inventory rolls out into market in September/October month, expect the home prices to correct atleast 10-15% by end of the year. 

Happy Monday anna rofl

[BeerBob123]

One week lo sold va listed home ma inti daggara

[Sonu_Patel]

2 minutes ago, BeerBob123 said:

One week lo sold va listed home ma inti daggara

Itla seppi seppi last 3 years lepi mingaru

[hushh fatak]

1 hour ago, Sonu_Patel said:

- Despite having price cuts there is still lower demand for homes.

- Lower supply/Inventory is factoring in for retaining High prices.

- If More Inventory rolls out into market in September/October month, expect the home prices to correct atleast 10-15% by end of the year. 

inko 1 year agithe recesssion vachindanuko... 30-40% corrections kuda avvochu...

[VictoryTDP]

1 hour ago, BeerBob123 said:

One week lo sold va listed home ma inti daggara

enni kontav luke vuncle

[no01]

prob with low inventory is not just because new homes have slowed in constructions, its because older homes are not in the market as before.....low interest rates unnappudu chaala mandhi (including me) 2.5% rates ki refinance chesukunnaru. It doesnt make such sense to sell the house. Unless if u want to upgrade to another house or moving out etc, ppl are keeping it and renting that out and buying another one if needed.

Ee used homes market lo vasthe kaani, overall ga inventory up avvadu. Ofcourse new construction kuda increase avvali kuda

[nuvvu_naakina_paalem]

1 hour ago, Sonu_Patel said:

- Despite having price cuts there is still lower demand for homes.

- Lower supply/Inventory is factoring in for retaining High prices.

- If More Inventory rolls out into market in September/October month, expect the home prices to correct atleast 10-15% by end of the year. 

Aug tarwatha all inventory goes down till April ra kanna

 

Demand kooda goes down ika...

 

[usetime63]

Evadu adigadu ninnu gif 

[EyBisa]

estart 

[pinnigaaru]

everyday 9 PM ETV news etla popular ayyindho same ee DB lo every monday morning housing market update by @Sonu_Patel uncle

[kakatiya]

Home values have held steady even as mortgage rates have topped 7 percent. The culprit is a lack of housing supply. Bidding wars have returned, and inventories remain frustratingly tight. “You’re not going to see house prices decline,” says Rick Arvielo, head of mortgage firm New American Funding. “There’s just not enough inventory.”

Skylar Olsen, chief economist at Zillow, agrees about the supply-and-demand imbalance. Her latest forecast says home prices will keep rising into 2024 — welcome news for sellers but not so great for first-time buyers struggling to become homeowners. “We’re not in that space where things are suddenly going to be more affordable,” Olsen says.

Still, a rapid rise in mortgage rates and a sharp slowdown in home sales has some bracing for the worst. After the June 14 Federal Reserve meeting, Fed Chairman Jerome Powell told reporters he was keeping a close eye on the housing market. “Housing is very interest-sensitive, and it’s one of the first places that’s either helped by low rates or held back by higher rates,” Powell said in the press conference. “We’re watching that situation carefully.”

[Sonu_Patel]

36 minutes ago, hushh fatak said:

inko 1 year agithe recesssion vachindanuko... 30-40% corrections kuda avvochu...

atlanti statements iyyaku anna.. eeda DB home owners ki goose pimples ostae.

[Konebhar6]

41 minutes ago, Sonu_Patel said:

atlanti statements iyyaku anna.. eeda DB home owners ki goose pimples ostae.

I doubt but chances unnai. Job market is critical.

[Sonu_Patel]

1 hour ago, no01 said:

prob with low inventory is not just because new homes have slowed in constructions, its because older homes are not in the market as before.....low interest rates unnappudu chaala mandhi (including me) 2.5% rates ki refinance chesukunnaru. It doesnt make such sense to sell the house. Unless if u want to upgrade to another house or moving out etc, ppl are keeping it and renting that out and buying another one if needed.

Ee used homes market lo vasthe kaani, overall ga inventory up avvadu. Ofcourse new construction kuda increase avvali kuda

donga nayallu.. builders chala smart aenaru over the 3 years for building new construction... 

lot premium, 5% down and upgrades cost pay chesinaka construciton start chestunnaru