Housing crisis returns

[Everydayrunner]

ZACHARIA WASHINGTON Nov 18, 2024. DALLAS REAL ESTATE REPORT.

The labor shortages resulting from Trump's immigration policies could significantly impact construction costs, potentially raising them by up to 250%. With many undocumented migrant workers, who are crucial to contractors and builders, fleeing or facing increased barriers to working in the U.S., the dwindling labor pool may lead to higher wages and project delays, ultimately escalating expenses in the construction industry. Majority of the realtors are worried as labour shortage and increased raw materials created stagnant profits and delayed closure dates leading to frustration among new home buyers. 

"It appears  a potential resurgence in bidding work during December and January 2025, coinciding with anticipated layoffs among tech workers, particularly those in the single-family housing sector, ahead of Trump's return to office." Mentioned kevin Chang, one of the succesfull realtor in DFW. 

 This situation could reflect broader economic challenges and shifts in labor dynamics within the tech and housing markets during this transitional period.

[kakatiya]

Dont worry, housing crash is coming soon antunna desi market full time employee @Sonu_Patel

 

[enigmatic]

ante vunna house values inkaa perugutaya 

[Sucker]

Propaganda motham deport cheyyandi Americans will do these jobs antunna Mexican allludu @Shameless

[Sonu_Patel]

59 minutes ago, enigmatic said:

ante vunna house values inkaa perugutaya 

Yes anna.. house prices will go up.. Housing Interest rates will also go up to 12% APR with inflation.

DB owners and kitty party gangsters will be happy.

DB buyers andaram m*dda kududham. 

 

[enigmatic]

12 minutes ago, Sonu_Patel said:

Yes anna.. house prices will go up.. Housing Interest rates will also go up to 12% APR with inflation.

DB owners and kitty party gangsters will be happy.

DB buyers andaram m*dda kududham. 

 

while it is good for people who already own one or more houses. it is not great for potential home buyers. already home prices jumped 50-100% during covid making them unaffordable . and the 7% rate.