quickly either, so they re still historically high. what about people who flip houses? that s a big thing for a lot of people. they pay all cash. this has all slowed, the flippers have slowed. the corporate investment in the housing market has slowed. the second home market has slowed. everything has slowed down as we re trying to get a reckoning about where mortgage rates are is that good though? it needs to cool off. i m sure there are some people who say this is terrible what s happening in the housing market for them. this was unsustainable, 3% mortgage rate and 20% annual price increases, that is unsustainable. we don t know what s going to happen next. is there going to be a big leg down as it corrects or is it going to be more gradual, no one knows for sure. thank you. you re welcome. we are live along the u.s./mexico border. live pictures for you there where officials appear to be blocking off one border crossing entrance.
NRIs’ property buying props up south Indian markets
May 14, 2021
Largest investment comes from the Gulf, followed by the US, and Singapore
During these uncertain times, non-resident Indians (NRIs) have realised the essence of having a house in their home country to settle in the future this has led to major home-buying in the southern markets in Karnataka, Tamil Nadu, and Kerala.
“These NRI investments are a common aspect of the Indian economy. NRIs usually buy property in the country for both lucrative and sentimental options. Also, with the primary motive to either invest or use it for rental purposes,” said Reeza Sebastian, President – Residential, Embassy Group.