house prices మీ area లో తగ్గాయా..? అలానే ఉన్నాయా..?

[veerigadu]

2 minutes ago, Rabbo said:

I guess only Indians are buying with this high interest rate 

Dallas, Austin, Bay Area and Raleigh….. eee 4 places lo neee undhiiii panikimalinaaa demand anthaaaa…Uber craze amongst desis. Melligaaa ATL meedha padthunbaruuu

[Arjun9]

Koncham UP ayyayi from last few months..

Nov - Feb timeframe better unde.. from March they are Upping

Again depends on areas anuko

[ARYA]

37 minutes ago, dasari4kntr said:

hmmm 🤔 high interest lo kooda kontunnara..?

market lo house ravatam papam multiple offers vesestunnaru thata

[dasari4kntr]

3 minutes ago, ARYA said:

market lo house ravatam papam multiple offers vesestunnaru thata

new home pricess kooda taggyi anukunta...so manavallu multiple bids vesi...penchutunnaru...

Key details: The median sales price of a new home sold in April fell to $420,800 from the month before. Prices have fallen from a peak of $496,800 in October last year. It’s also the first time prices dropped on a year-over-year basis since 2020.

The supply of new homes for sale fell 3.8% between March and April, equating to a 7.6-month supply. 

Regionally, the south led new home sales by 17.8%, but was recovering from a sharp drop the previous month.

Overall, sales of new homes are up nearly 12% compared to last year.

Big picture: Move over, high mortgage rates — low inventory is strangling the housing market, as buyers have few options. Builder confidence is high as homeowners feel compelled to wait and hold on to ultra-low mortgage rates they refinanced into during the pandemic.

Builders have gotten an edge over existing homeowners who are selling by offering incentives from mortgage rate buydowns to other freebies, but it’s unclear how long that will last. The builders’ industry group reported earlier this month that the share of builders reducing home prices fell to 27% in May, from 30% in April.

Plus, the 30-year is inches shy of hitting 7%, which could weigh on the potential buyer’s calculus. 

What are they saying? “The broader story is that despite a sharp increase in mortgage rates over the last year, new home sales are up roughly 12%,” Neil Dutta, head of economics at Renaissance Macro Research, wrote in a note. 

“Builders continue to benefit from the lack of inventory in the resale market and the room to buy down prospective buyers to lower rates,” he added.

“This spring, new home sales are a more important part of the market than they would be in a more typical year,” Lisa Sturtevant, chief economist at Bright MLS, said in a statement.

While sales of new single-family homes typically form less than 10% of national home sales, this April, the share increased to about 14%, she added. 

[ARYA]

Just now, dasari4kntr said:

new home pricess kooda taggyi anukunta...so manavallu multiple bids vesi...penchutunnaru...

Key details: The median sales price of a new home sold in April fell to $420,800 from the month before. Prices have fallen from a peak of $496,800 in October last year. It’s also the first time prices dropped on a year-over-year basis since 2020.

The supply of new homes for sale fell 3.8% between March and April, equating to a 7.6-month supply. 

Regionally, the south led new home sales by 17.8%, but was recovering from a sharp drop the previous month.

Overall, sales of new homes are up nearly 12% compared to last year.

Big picture: Move over, high mortgage rates — low inventory is strangling the housing market, as buyers have few options. Builder confidence is high as homeowners feel compelled to wait and hold on to ultra-low mortgage rates they refinanced into during the pandemic.

Builders have gotten an edge over existing homeowners who are selling by offering incentives from mortgage rate buydowns to other freebies, but it’s unclear how long that will last. The builders’ industry group reported earlier this month that the share of builders reducing home prices fell to 27% in May, from 30% in April.

Plus, the 30-year is inches shy of hitting 7%, which could weigh on the potential buyer’s calculus. 

What are they saying? “The broader story is that despite a sharp increase in mortgage rates over the last year, new home sales are up roughly 12%,” Neil Dutta, head of economics at Renaissance Macro Research, wrote in a note. 

“Builders continue to benefit from the lack of inventory in the resale market and the room to buy down prospective buyers to lower rates,” he added.

“This spring, new home sales are a more important part of the market than they would be in a more typical year,” Lisa Sturtevant, chief economist at Bright MLS, said in a statement.

While sales of new single-family homes typically form less than 10% of national home sales, this April, the share increased to about 14%, she added. 

spring market is getting strong in the bay..not sure about the rest of the country..low inventory and rising rental costs are also helping the prices to rise

[megadheera]

Maa daggara no daddy listening. Still going over the price

[veerigadu]

3 minutes ago, dasari4kntr said:

new home pricess kooda taggyi anukunta...so manavallu multiple bids vesi...penchutunnaru...

Key details: The median sales price of a new home sold in April fell to $420,800 from the month before. Prices have fallen from a peak of $496,800 in October last year. It’s also the first time prices dropped on a year-over-year basis since 2020.

The supply of new homes for sale fell 3.8% between March and April, equating to a 7.6-month supply. 

Regionally, the south led new home sales by 17.8%, but was recovering from a sharp drop the previous month.

Overall, sales of new homes are up nearly 12% compared to last year.

Big picture: Move over, high mortgage rates — low inventory is strangling the housing market, as buyers have few options. Builder confidence is high as homeowners feel compelled to wait and hold on to ultra-low mortgage rates they refinanced into during the pandemic.

Builders have gotten an edge over existing homeowners who are selling by offering incentives from mortgage rate buydowns to other freebies, but it’s unclear how long that will last. The builders’ industry group reported earlier this month that the share of builders reducing home prices fell to 27% in May, from 30% in April.

Plus, the 30-year is inches shy of hitting 7%, which could weigh on the potential buyer’s calculus. 

What are they saying? “The broader story is that despite a sharp increase in mortgage rates over the last year, new home sales are up roughly 12%,” Neil Dutta, head of economics at Renaissance Macro Research, wrote in a note. 

“Builders continue to benefit from the lack of inventory in the resale market and the room to buy down prospective buyers to lower rates,” he added.

“This spring, new home sales are a more important part of the market than they would be in a more typical year,” Lisa Sturtevant, chief economist at Bright MLS, said in a statement.

While sales of new single-family homes typically form less than 10% of national home sales, this April, the share increased to about 14%, she added. 

Desi gallu ivvani sooodaruuu bro. If he is doing then I will do it too type. Munugitheee andarammm munguthaaam ani sardhiiii cheppukuntaruuu.  

[paaparao]

are you kidding?

builders/banks are enforcing strict min 10% down payment. All in all 15% minimum correction ayindi in all areas except dallas in my opinion. 

[KaipuRaja]

12 minutes ago, veerigadu said:

Desi gallu ivvani sooodaruuu bro. If he is doing then I will do it too type. Munugitheee andarammm munguthaaam ani sardhiiii cheppukuntaruuu.  

Anniti meeda baaga grip untadi anna neeku.. DB open cheste Nee thread le Nee replies e soostuna 😂😂

[paaparao]

20 minutes ago, veerigadu said:

Desi gallu ivvani sooodaruuu bro. If he is doing then I will do it too type. Munugitheee andarammm munguthaaam ani sardhiiii cheppukuntaruuu.  

desi buyers are typically less than 1% compared to all other american buyers. it is myth that we push prices higher. 

[kakatiya]

It's too early to ask....real trend will only be seen after October ..there are no big lots ..builders are selling in small lots for maximum profits..  so market will only settle when large scale new  constructions goes in

[Spartan]

oka 200k taggindi on a 2M home

avg ga 10% but summer kada bidding start aitadi

[dasari4kntr]