Housing market predictions

[Fish]

Chaala mandi home buying posts chusaaka…wanted to understand pros and cons of buying house in this current market

Few economists are saying it’s a bubble….friends are saying low interest rates anduke kontunnam….full confusion undi

Nannu thittakandi but I feel it’s in a bubble…..Please add your predictions 

[Vaampire]

Correction is inevitable. But entha anedhi evadiki telvadu. Currently supply chain issues unnayi. Kotha constructions chaala thaggayi. So too much demand for homes. 22 lo inko 20% peragochu home prices konni areas lo

[Fish]

10 minutes ago, Vaampire said:

Correction is inevitable. But entha anedhi evadiki telvadu. Currently supply chain issues unnayi. Kotha constructions chaala thaggayi. So too much demand for homes. 22 lo inko 20% peragochu home prices konni areas lo

Interest rates peruguthe, inti rates peragavu emo because there will be not many buyers….interest rates thakkuva undadam valla chaala mandi rental income kosam konnaru

[Guest]

20 minutes ago, Fish said:

Interest rates peruguthe, inti rates peragavu emo because there will be not many buyers….interest rates thakkuva undadam valla chaala mandi rental income kosam konnaru

Yes, stable avthadi. This cannot keep going like this like 20% every year 

[Vaampire]

27 minutes ago, Fish said:

Interest rates peruguthe, inti rates peragavu emo because there will be not many buyers….interest rates thakkuva undadam valla chaala mandi rental income kosam konnaru

Yaa. But perigesariki inko 10 % up vesuko

[JackSeal]

46 minutes ago, Fish said:

Chaala mandi home buying posts chusaaka…wanted to understand pros and cons of buying house in this current market

Few economists are saying it’s a bubble….friends are saying low interest rates anduke kontunnam….full confusion undi

Nannu thittakandi but I feel it’s in a bubble…..Please add your predictions 

Don’t feel peer pressure bro 

[Fish]

3 minutes ago, JackSeal said:

Don’t feel peer pressure bro 

No peer pressure….just waiting for right time to buy

[Thokkalee]

15 minutes ago, Fish said:

No peer pressure….just waiting for right time to buy

There is no right time to buy a home if you are living in there.. and don’t worry about whether the house prices will go up or down in the future as long as you plan to live there for 10yrs… as long as the house is affordable for you,  get it when the rates are low.. you will definitely save on the rent and you also build equity… 

[Fish]

29 minutes ago, Thokkalee said:

There is no right time to buy a home if you are living in there.. and don’t worry about whether the house prices will go up or down in the future as long as you plan to live there for 10yrs… as long as the house is affordable for you,  get it when the rates are low.. you will definitely save on the rent and you also build equity… 

Agree with you but current market inventory Ledu….will have less choice of homes 

[Thokkalee]

51 minutes ago, Fish said:

Agree with you but current market inventory Ledu….will have less choice of homes 

Where are you looking for homes? Less inventory is due to huge pent up demand and migration from other Tier 1 cities.. Ma Dallas lo aithe konni homes unnaayi… but prices are too high though… also, winter lo very few used homes will be in the market.. so overall market inka raise lo untundi 

[Fish]

4 minutes ago, Thokkalee said:

Where are you looking for homes? Less inventory is due to huge pent up demand and migration from other Tier 1 cities.. Ma Dallas lo aithe konni homes unnaayi… but prices are too high though… also, winter lo very few used homes will be in the market.. so overall market inka raise lo untundi 

Planning to move to Texas next year if WFH continues 

[Thokkalee]

4 minutes ago, Fish said:

Planning to move to Texas next year if WFH continues 

Wait!! Are you planning to move to Texas if your employer extends wfh for another 6 months or an year? What will you do if they ask you to come to office after an year and if you already bought your house??

[Fish]

36 minutes ago, Thokkalee said:

Wait!! Are you planning to move to Texas if your employer extends wfh for another 6 months or an year? What will you do if they ask you to come to office after an year and if you already bought your house??

Meanwhile will look for another job in Texas or completely remote job 

[pakeer_saab]

7 hours ago, Fish said:

Chaala mandi home buying posts chusaaka…wanted to understand pros and cons of buying house in this current market

Few economists are saying it’s a bubble….friends are saying low interest rates anduke kontunnam….full confusion undi

Nannu thittakandi but I feel it’s in a bubble…..Please add your predictions 

Inflation forecast show it will be same or above current levels of 2.3%

Fed Interest rates penchina, home prices will rise for few years or at least an year, home inventory will rise but not at the levels of Pre Covid due to supply chain and labor shortages

If you are buying a home to live, there is no better time than now, good thing is you wont see even if there is 20% drop in home value as long as you have a job, employment market is awesome now, so stop looking for a crash, you will not know when it will happen

with the current levels of printing, there is no question of going down at least in 2022

6 hours ago, Fish said:

No peer pressure….just waiting for right time to buy

by the time you buy, appreciation is going faster than you can save..

[pakeer_saab]

4 hours ago, Fish said:

Meanwhile will look for another job in Texas or completely remote job 

don't expect so many jobs in Texas once pandemic ends, move to TX as long as you have a remote job that you know you can keep for 3-5 yrs once you buy home