New home buyers ki assurance?

[tokkalogola]

Anna paisal unnodu kontadu lenodu musukoni untadu madhyalo neeku endi anna noppi . Some ppl want to stay in their old homes with 2k mortgage and use rest of the money to invest or enjoy life some want to pay 6k in mortgage and live in big house and thats their choice bro .. chill

[Ravi860]

1 hour ago, tokkalogola said:

Anna paisal unnodu kontadu lenodu musukoni untadu madhyalo neeku endi anna noppi . Some ppl want to stay in their old homes with 2k mortgage and use rest of the money to invest or enjoy life some want to pay 6k in mortgage and live in big house and thats their choice bro .. chill

Dhaniki enduku anna antha chinchukuntunnav bp billa vesko 

[perugu_vada]

If u can afford and it is within ur limits, go for it uncle .. don’t think about others and their criteria .. idhem thanksgiving ki pade tv or camera deal kadu .. trying to make some sense out of others who are buying will only confuse you 

[Variety_Pullayya]

9 hours ago, Ravi860 said:

How people are signing new homes now? Ipudu unna rates chuskuni pareldu afford cheyachu anukuni chestunnara? (Assuming they can afford 6%)

Construction finish ayyi closing time ki rates 8%+ unte enti paristhithi? Can they lock rates now when signing a contract or anything else I am missing??

i think ppl have cash man. they used to invest in others but now they saved for couple of years and now paying high downpayments

[pakeer_saab]

9 hours ago, *Prince Charming said:

Inflation peaked antunnaru, so rates will come down soon and settle somewhere between 5 and 6-6.75%. Also, sign chesaa closing ki mundu ye rate unte Ade istunnaru. Also, mindset ela undi ante ippudu 6% ki ready aina vallakai 7% Unna no one is bothered much

inflation rose again in Jan 2023, peaked or no peaked can only told in next 2 yrs not now

interest rates will be double digits by august, they may reduce next year but now they will be increased

 

[Manishican]

Inflation is still very high. Interest rates will go up from here. 

[mirchi_bajji]

4 minutes ago, Manishican said:

Inflation is still very high. Interest rates will go up from here. 

interesting read - 

https://www.forbes.com/sites/billconerly/2023/03/02/supply-chain-pressures-easing-good-news-for-inflation-and-production/?sh=48aa3cd015b5

[Manishican]

4 minutes ago, mirchi_bajji said:

interesting read - 

https://www.forbes.com/sites/billconerly/2023/03/02/supply-chain-pressures-easing-good-news-for-inflation-and-production/?sh=48aa3cd015b5

500k jobs added in January. Wages are going up. Inflation will stay high

[Galactus]

most people are house poor, especially desis

[nokia123]

16 hours ago, JAMBALHOT_RAJA said:

Friend closed a house last week with 4.7% rate 5/6 ARM

Now it’s 6.25% for 5/6 ARM

[nokia123]

16 hours ago, manchulomajjiga said:

Interest rate lite bro it will fluctuate and you can refinance it laterr . But sticker price will nt change once you sign it . Intha inflated and unreal prices ki ela sing chestunnaru anedhe surprise ! Adigithe okka maata cheptunaru equity build avudi ani but at what cost ! At the end of the day with these prices you may actually get better returns by taking tbonds or just buy spy! 

It all works when you get the house for dead seap price and % is high…then you can refinance later 

but ippudu house prices are still too high and intrest rate is also high …it’s not a winning combination 

[ForEverJava]

21 hours ago, Ravi860 said:

How people are signing new homes now? Ipudu unna rates chuskuni pareldu afford cheyachu anukuni chestunnara? (Assuming they can afford 6%)

Construction finish ayyi closing time ki rates 8%+ unte enti paristhithi? Can they lock rates now when signing a contract or anything else I am missing??

That's why ppl going for inventory homes ..avi 2 to 4 months lo istunnaru..rates lock kooda chesukoni jumping in the market. 

[andhra_jp]

Alan Blinder says he’s betting against US Fed raising rates to 6%

Now the Princeton University economist tells the What Goes Up podcast that he has toned down that optimism a bit, mostly due to a change in the way the government adjusts inflation data for seasonal factors.