housing market slowing down

[aimodel]

cousin called aug 3rd week lo house warming in dallas, his wife started working 3 months back. 

if dual income they are buying homes . 1 million kaka poyina ,they are signing something they can work it out.

I think mana db lo oversmart ayyi last ki rent lo ney continuing.

[Variety_Pullayya]

7 hours ago, Pandubabu said:

I see lot of people bought homes in last June or so and are expecting 15-20% appreciation now. why would anyone buy those especially when new homes are around the same price .

buying frenzy start ayyedaka peragavu...buyers need to be patient.

[Pandubabu]

15 hours ago, Variety_Pullayya said:

buying frenzy start ayyedaka peragavu...buyers need to be patient.

wait chesi matta gidisa ayye chances kooda unnay anno

[Variety_Pullayya]

8 minutes ago, Pandubabu said:

wait chesi matta gidisa ayye chances kooda unnay anno

with overall materials and labor becoming costly due to inflation...maree down ayye chances levu. austin lanti markets thapthe....i dont see a drastic crash happening anywhere else.  ofcource 2007 lanti recession vasthe evadu em cheyaledu.

[dreamchaser]

12 minutes ago, Variety_Pullayya said:

with overall materials and labor becoming costly due to inflation...maree down ayye chances levu. austin lanti markets thapthe....i dont see a drastic crash happening anywhere else.  ofcource 2007 lanti recession vasthe evadu em cheyaledu.

arizona lo kuda baga tagutunayi bro.Salaries are not so high and home prices increased a lot last couple of years.noone is buying and prices started dropping a lot.

[Variety_Pullayya]

17 minutes ago, dreamchaser said:

arizona lo kuda baga tagutunayi bro.Salaries are not so high and home prices increased a lot last couple of years.noone is buying and prices started dropping a lot.

yeah slight correction for sure. what i meant was that it will not fall to precovid prices

[dreamchaser]

1 minute ago, Variety_Pullayya said:

yeah slight correction for sure. what i meant was that it will not fall to precovid prices

not slight correction.it might be a crash in AZ.inventory is all time high since 15 years

[Pandubabu]

5 hours ago, Variety_Pullayya said:

with overall materials and labor becoming costly due to inflation...maree down ayye chances levu. austin lanti markets thapthe....i dont see a drastic crash happening anywhere else.  ofcource 2007 lanti recession vasthe evadu em cheyaledu.

peragakunte thagginatte kadha uncle , with Inflation. the home prices have to catch up with inflation as well