Higher rates are hitting homebuyers hard

[areyentiraidhi]

 

[veerigadu]

First step completed. 

Next step is increased inventory in market. 

Third step people buying cheap homes since they cannot afford high monthly payments 

Crash starts for high end homes. Delinquencies from thella vomericans and reduced interest rates game continues 

[futureofandhra]

8 minutes ago, veerigadu said:

First step completed. 

Next step is increased inventory in market. 

Third step people buying cheap homes since they cannot afford high monthly payments 

Crash starts for high end homes. Delinquencies from thella vomericans and game continues 

Dallas east facing rates ayithey nothing down

Wonder if inventory even rises

[veerigadu]

4 minutes ago, futureofandhra said:

Dallas east facing rates ayithey nothing down

Wonder if inventory even rises

Dallas gurinchiii manam seppalem anna....Adhiii world economy ki sambandam leniiii unique market....Meedhiii thenaliiii madhiii tenaliiii batch....Endukuuu kontunnaruuu dhenikiii kontunnaroooo pakkana pettiiiii....suttaluuuu dhaggara untaruuu kadha ani konevalluuuu ekkuvaaa

[Telugodura456]

24 minutes ago, veerigadu said:

First step completed. 

Next step is increased inventory in market. 

Third step people buying cheap homes since they cannot afford high monthly payments 

Crash starts for high end homes. Delinquencies from thella vomericans and game continues 

crash ki no chance. correction - yes.

[veerigadu]

1 minute ago, Telugodura456 said:

crash ki no chance. correction - yes.

More than 25% decline is technically called as a crash. High end homes >700k loooo crash pakka...IMO..

I think homes less than 600K will be least hit. .

[terminator_desi]

28 minutes ago, veerigadu said:

First step completed. 

Next step is increased inventory in market. 

Third step people buying cheap homes since they cannot afford high monthly payments 

Crash starts for high end homes. Delinquencies from thella vomericans and game continues 

"Next step is increased inventory in market". Phoenix and Austin  already have this step completed.

[kiran1012]

37 minutes ago, terminator_desi said:

"Next step is increased inventory in market". Phoenix and Austin  already have this step completed.

If all Homebuilders stops new construction,

will it help them in keeping up the demand?

[pandu123b]

1 hour ago, futureofandhra said:

Dallas east facing rates ayithey nothing down

Wonder if inventory even rises

anta edusta kuda dallas lo ne konali anukune vallu unantavaraku prices taggavu.

its all supply and demand bruh!!

[manadonga]

2 hours ago, terminator_desi said:

"Next step is increased inventory in market". Phoenix and Austin  already have this step completed.

Yes but cities like dallas have less effect as inventory is still low compared to 2019 

[bulreddy]

1 hour ago, pandu123b said:

anta edusta kuda dallas lo ne konali anukune vallu unantavaraku prices taggavu.

its all supply and demand bruh!!

but builder wont stop, as he need to run the business and get profits 

[bulreddy]

3 hours ago, futureofandhra said:

Dallas east facing rates ayithey nothing down

Wonder if inventory even rises

i dont think it applies all areas in Dallas. 

only frisco, plano, new areas (like prosper/celina/blah blah)

[Usr59]

need advice good time to buy a house, I see lot of experts here. (Atlanta Or Virginia) and pls suggest good areas too.

[Sonu_Patel]

Move to Austin bro... sammaga untadi

[Android_Halwa]

3 hours ago, kiran1012 said:

If all Homebuilders stops new construction,

will it help them in keeping up the demand?

If home builders stop building new homes, they will have to shut their shop right away…going slow is the only option but stopping building new homes is never an option. 
 

Home builders are part of a chain system who survive on credit. If they stop building, they will go bankrupt right away taking down their lenders and creditors.