how housing market will change - my predictions

[Telugodura456]

1 minute ago, veerigadu said:

Bathroom fixtures and kitchen backsplash kudaaa chala basic pedtharuuu....Anni kotthaviiii ani sankaluuu guddhukovadammm thappa. Dhantlooo builder gadiii investment enti ani alochistheee people are getting screwed big time. 

DR hortan gaadiki floor level ga veyyadam kooda raadhu. aath care. endhi undulations unnai  ante - no structural issue, acceptable parameters antaadu.

[veerigadu]

2 minutes ago, Telugodura456 said:

DR hortan gaadiki floor level ga veyyadam kooda raadhu. aath care. endhi undulations unnai  ante - no structural issue, acceptable parameters antaadu.

G balupuuu lamdkkk galakiii...Nuvvu kakapotheee inkoduuu kontaduuu ani aaaa over confidence dhed gallakii

[shaktimaan]

2 minutes ago, veerigadu said:

G balupuuu lamdkkk galakiii...Nuvvu kakapotheee inkoduuu kontaduuu ani aaaa over confidence dhed gallakii

inka pulte or lennar aithe na bootho na bhavishyath… framing kuda sakkaga undadu

[hunkyfunky2]

2 hours ago, Telugodura456 said:

current scenario:

with high interest rate appetite is gone for houses above 800k among buyers.

builders got taste of selling houses in 1 million range and dont want the burden of building sub 500k house.

So builder waiting for interest rate decline so they continue building 800k plus houses. buyers waiting for price decline or interest rate decline.

Fed not interested in rate decline if builders are not lowering prices.

so what next? how to break logjam?

Builders stop being lazy and plan and build 500-600k or sub 500k houses. This is competitive market response and ideal.

builders stop bothering and will wait for interest rate reduction or demand grow up. This is cartel market response.

Buyers adjust to above - will either buy or simply rent.

 

Increased labor costs , land costs and materials and their own lending costs means their hands are also tied.

 

[VAAMPlRE]

1 hour ago, praying said:

Indulo prediction emundo naku evaraina teliyajeyalani manavi

@Sonu_Patel already predicted 3 years back and bought 4 houses 

[Telugodura456]

12 minutes ago, hunkyfunky2 said:

Increased labor costs , land costs and materials and their own lending costs means their hands are also tied.

 

Agree. but these builders have the scale, management, accumulated profits to bring in innovations and serve the market.

But if they are like we dont want to put in effort because there is some cartelization then  this is the result.

[hunkyfunky2]

32 minutes ago, Telugodura456 said:

Agree. but these builders have the scale, management, accumulated profits to bring in innovations and serve the market.

But if they are like we dont want to put in effort because there is some cartelization then  this is the result.

Demand and supply - they will adjust when they need to. Till that time you just need to wait 

[crazynut]

In the past month in Orange County, california, especially in Irvine and surrounding cities, many homes got sold very much over asking price. Example 18 mariposa lake forest ca - listed for 1.45 million and got sold for 1.55 million, 100k over asking price. Similar is trend here for 1990 and newer homes. So, i am very doubtful there would be any price correction happening in south California.

[ARYA]

9 hours ago, veerigadu said:

Already market cooled down a lot in just last 8 months. Bidding wars nundi current situation varakuuu. New homes only constitute 10% of overall real estate market. Average American is generally more inclined to buy a pre owned home than a new one. Preowned homes have had a decent correction already. 
 

The gist of the matter is this. Affordability drives everything. 800k plus will take a hit. Anything less than 600k will not see much impact. This is applicable to both new as well as preowned homes. 

idi ekkadi market gurinchi talking anna..

[ARYA]

3 hours ago, crazynut said:

In the past month in Orange County, california, especially in Irvine and surrounding cities, many homes got sold very much over asking price. Example 18 mariposa lake forest ca - listed for 1.45 million and got sold for 1.55 million, 100k over asking price. Similar is trend here for 1990 and newer homes. So, i am very doubtful there would be any price correction happening in south California.

yep I am seeing similar trend in the east bay..asalu ikkada cooling freezing antunna peddalu yee oru gurinchu matladutunnaro mari..

[Paamu]

11 hours ago, veerigadu said:

Oka recession vasthe Dallas desi vasuluuuu em seddham anukuntunnaroooo.....Already billing rates 10ngipoyayi....Antha oversaturation sesthunnaruuu IT market mottthammmm. 

Idi nijam. Billing rates inka paathalam ki pothay. More students are dumped every year - MS ayyaka job job ani edustunnaru. But konevallu kontoone unnaru without thinking ..... mostly live today dont think about tomorrow lifestyle. 

[sureshkonda]

55 minutes ago, Paamu said:

Idi nijam. Billing rates inka paathalam ki pothay. More students are dumped every year - MS ayyaka job job ani edustunnaru. But konevallu kontoone unnaru without thinking ..... mostly live today dont think about tomorrow lifestyle. 

severe recession vasthe first impact ayyedi dallas. not many local it jobs like bay area. imagine 100 people competing for 1 job

[Mr Mirchi]

13 hours ago, Telugodura456 said:

current scenario:

with high interest rate appetite is gone for houses above 800k among buyers.

builders got taste of selling houses in 1 million range and dont want the burden of building sub 500k house.

So builder waiting for interest rate decline so they continue building 800k plus houses. buyers waiting for price decline or interest rate decline.

Fed not interested in rate decline if builders are not lowering prices.

so what next? how to break logjam?

Builders stop being lazy and plan and build 500-600k or sub 500k houses. This is competitive market response and ideal.

builders stop bothering and will wait for interest rate reduction or demand grow up. This is cartel market response.

Buyers adjust to above - will either buy or simply rent.

 

Wow if buyers sees this post… they will give a free house to you for this suggestion …. Gud luck

[JambaKrantu]

Anna ekkada taggindo chepite akkadiki velli konta anna.. 6 months gaa looking rental home/town home kosam. Evvadu 10k kooda taggistaledu new or pre-owned..

[AreyOSamba]

23 hours ago, shaktimaan said:

most of the homes built during 2020-2023 are sub par quality and are overvalued

unfortunately most desi folk won't realize this and fall for the cookie cutter suburbia

 

True. But, the most impacted are homes built in 2022. As interests rates started to raise and builders rushed to deliver putting the quality at risk