mortgage rates higest since 2000

[pandu123b]

https://www.cnbc.com/2023/08/21/mortgage-rates-hit-highest-point-since-2000.html

@Sonu_Patel @Ravi860 bro

pleae provides your expert analysis on housing market impact

[Variety_Pullayya]

@Sonu_Patel matalu vini Celina lo home book chesa. ipdu closing time ki interest rates perigipothunnayi.

 

[pandu123b]

5 minutes ago, Variety_Pullayya said:

@Sonu_Patel matalu vini Celina lo home book chesa. ipdu closing time ki interest rates perigipothunnayi.

 

give us more details bro enta price and sqft?

sonu patel bro wait cheyamani epudu cheppadu? he alway said no kada

[Ravi860]

1 hour ago, Variety_Pullayya said:

@Sonu_Patel matalu vini Celina lo home book chesa. ipdu closing time ki interest rates perigipothunnayi.

 

Rate lock first lekapothe mars ki veltav rates tho patu 

[Ravi860]

1 hour ago, pandu123b said:

https://www.cnbc.com/2023/08/21/mortgage-rates-hit-highest-point-since-2000.html

@Sonu_Patel @Ravi860 bro

pleae provides your expert analysis on housing market impact

Anni Sonu anna cheppinatle jarugutunnai.. 7.5 today rates comedy ayipoyindi e lekkana 9% end of year ayyetatlu undi 

[Sonu_Patel]

2 hours ago, pandu123b said:

https://www.cnbc.com/2023/08/21/mortgage-rates-hit-highest-point-since-2000.html

@Sonu_Patel @Ravi860 bro

pleae provides your expert analysis on housing market impact

> This is starting point for Home price corrections ba.. 

In simple terms, US Real estate market can be categotized to buyer's market and sellers market. 

Sellers market - 2021 lo when Interest rates are 2-3%, biddings esi maree example: 300k worth valuation unna homes skyrocketed and ipudu 600k worth valuation lo unnae. 

Buyers market - End of 2023/2024 the Interest rates will be 8-9%, there will be correction to the inflated home prices. 

Price reductions will happen because the Wage levels and Affordability for most of the families. 

 

 

[pandu123b]

9 minutes ago, Sonu_Patel said:

> This is starting point for Home price corrections ba.. 

In simple terms, US Real estate market can be categotized to buyer's market and sellers market. 

Sellers market - 2021 lo when Interest rates are 2-3%, biddings esi maree example: 300k worth valuation unna homes skyrocketed and ipudu 600k worth valuation lo unnae. 

Buyers market - End of 2023/2024 the Interest rates will be 8-9%, there will be correction to the inflated home prices. 

Price reductions will happen because the Wage levels and Affordability for most of the families. 

 

 

hopefully not too much decline in the house prices.

maa laga first time buyers thattukoleru

[Sonu_Patel]

3 minutes ago, pandu123b said:

hopefully not too much decline in the house prices.

maa laga first time buyers thattukoleru

Depending on the area corrections would happen anna.. 

If you are in Good school districts.. you should be fine. 

The impact i foresee will be for homes in bad school zones and Newly developed suburbs without proper infrastructure.