The chances of market crash are high and you should be very careful before signing any вЂunder constructionвЂ™ home contract.Д«anks have also increased the credit score requirement to a minimum of 700 and have made 20% down payment mandatory to get a mortgage. The US economy is under recession which started in Feb. If you have a stable job, the good time to buy a house would be Oct 2020 as per my opinion. The same pattern is visible in the Atlanta housing market too.We have observed a reduction of about $40k-50k in the prices of homes in the range of 550k to 650k as the buyers are scared of their jobs.Many developers are under pressure in markets primarily occupied by Chinese and Indian buyers in places like Frisco, Plano, Mckinney, and Irving in DFW metro.If you do not stay in the house for at least 5 years, it would be really difficult to break-even the money you may have spent (think of maintenance, home insurance, property taxes, monthly EMI).Дid you know that Real estate agent Cash back is not taxable in US? Buying Home in Corovirus RecessionД«uying a house in the COVID-19 recession could be really profitable if you can grab a good deal. More ground area is generally responsible for low price appreciation for the housing market. Other locations like Dallas (Texas), Tampa (Florida), Raleigh (North Carolina) may not be fruitful as they all have land available to expand horizontally.Some locations like Boston, New York City, and Bay area (in California) are extremely expensive to buy a house but may be able to give you a profit when you sell your house.It may or may not always be the best investment due to the high property taxes.

Stock investment guide for h1b holders