Home price remains steady amid demand, despite rising mortgage rates

[Ravi860]

57 minutes ago, ForEverJava said:

Konta mandi 6.5 in May and some 7 recently ..somen7.5 to 8 also in dec/Jan closing 

6% seems like deal right now.. 5% ravalante minimum 2-3years easy ga pattetatlu undi. 8% ki thiskunnavallavi pedda hearts ea 

[krishnaaa]

8 hours ago, shaktimaan said:

negative?

does that mean bank pays you to hold a mortgage 

Yes. That's what happens to aging country with huge debt

[Bears]

Looks like people are very optimistic on Interest rates going down in near future, Realistically it may not. You need to understand the basic principles on what caused this in the market: 1) The pump and dump of money during covid has created enough stir 2) People mindset thinking to spend lavishly spiked up after covid 3) The sudden rise of housing demand during last 3 years and shortage of supply. Unfortunately #1 can be settled in next couple of years but #2 & #3 takes years. 

[jpismahatma]

10 minutes ago, Bears said:

Looks like people are very optimistic on Interest rates going down in near future, Realistically it may not. You need to understand the basic principles on what caused this in the market: 1) The pump and dump of money during covid has created enough stir 2) People mindset thinking to spend lavishly spiked up after covid 3) The sudden rise of housing demand during last 3 years and shortage of supply. Unfortunately #1 can be settled in next couple of years but #2 & #3 takes years. 

As such interest rates had zero affect on prices. If interest rates go down, prices will shot by 20-50%

[shaktimaan]

9 hours ago, Konebhar6 said:

Why not? That can happen if US stocks and housing extreme crisis happen. Basically a repeat of 2008/2009 fin crisis and worse. 
 

realistically we are no where near it.

alaanti scheme 2008 lo ne ledu, why would it happen now 

 

[Konebhar6]

39 minutes ago, shaktimaan said:

alaanti scheme 2008 lo ne ledu, why would it happen now 

 

I am not an economist but read a report sometime back that US economy could become like JApan and into -ve interest rates. We got to 0 interest rates twice. 2008 crisis and 2020. It can happen again if housing crisis.

its a good argument if it has not happened twice why would it happen again. Counter argument is ecomomy is not always same and it can happen.

[Aquaman]

@Sonu_Patel  where is november report vayya

[Manishican]

3 hours ago, Bears said:

Looks like people are very optimistic on Interest rates going down in near future, Realistically it may not. You need to understand the basic principles on what caused this in the market: 1) The pump and dump of money during covid has created enough stir 2) People mindset thinking to spend lavishly spiked up after covid 3) The sudden rise of housing demand during last 3 years and shortage of supply. Unfortunately #1 can be settled in next couple of years but #2 & #3 takes years. 

Also people refinanced their homes to very low interest rates which they will be paying until the end of their mortgage. Increasing interest rates to even 10% won't affect them. Unless job market crashes nothing will change.