****Cost of 400k house, 2021 vs 2023 ****

[pakeer_saab]

7 hours ago, Vaaaampire said:

Yaa. We will never see 2021 rates. People will accept that and move on. There are people buying homes for 3m+ even with current interest rates. Thats the reality.

interest rates okkatey parameter ga thisukuntey workout ayye pani kaadhu

mari what should one take to buy a home as parameter

 

 

[Vaaaampire]

1 hour ago, pakeer_saab said:

mari what should one take to buy a home as parameter

 

 

One of the parameters i see is potential growth in the area. If its new area, check for how many big players are building homes in that area. Are you ready to hold it for 5-10 years if needed. Any govts projects coming in that area. Zillow/redfin lo surrounding areas lo homes enni rent ki list chesi unnayi. Renters dorakadaniki enni days paduthundi. List goes on based on place. I check for this in Bay area.
 

interest rates periginappudu home prices decline ayyayi. But people got used to high interest rates and home prices climbed again from q2 this year in bay area. I know dozens of familes in bay area who are sitting on cash. Interest rates thaggaka bay area lo aithey full competition untadi.

[Sucker]

Yennenni maatalu annaru 2021 lo maa OPT CPT kuda kontunnaru Ani. Now see the diff. OPT CPT porollu jackpot kottaru ra. 

[andhra_jp]

Mortgage rates continue to climb, hitting their highest level in nearly 23 years. The average rate on a 30-year fixed-rate loan rose to 7.49%, from 7.31% last week, Freddie Mac said Thursday. The average rate on a 15-year mortgage rate rose to 6.78% from 6.72% last week
 

https://www.cbsnews.com/news/mortgage-rate-interest-freddie-mac-housing/