When you want to scale up, we’ve got access to a pool of highly talented engineers, data scientists, and business analysts that can join your team and work in harmony to accelerate innovation.

The key benefits of an offshore development centre
An Offshore Development Centre will help you wave goodbye to the competition and say hello to limitless growth. The right partner will create a centre of developers dedicated to you and your needs.

This means that at best, an offshore development partner should be able to deliver:

Dedicated engineers
New technologies
Rapid scalability
Total alignment with HQ
Why The Scalers are an ideal partner
At The Scalers, our fully-managed operations model delivers this and much more. Our onboarding process aligns to your company culture, vision, and values.

And we build Offshore Development Centres for the sole purpose of achieving your strategic goals. This means, hiring experienced specialists, based on your requirements, in IoT, AI, RPA, and AR/VR technologies.

To ensure quality and a seamless recruitment process, our specialists liaise with your local team and work together to scale your organisation by delivering it the following

By partnering with The Scalers, organisations can also gain innovative data scientists and business analysts, benefit from strict security for IP and code procedures, hire specialists for specific roles, assemble teams rapidly, and recruit full-time engineers.

Why India, why Bangalore.
When The Scalers builds you a dedicated team in Bangalore we make sure you’ll have a branded office space — fully equipped with the high-spec tech and the essential everyday equipment that your developers need to deliver top results.

But why, you might ask, is India the ideal place for an Offshore Development Centre?

India is one of the largest English speaking countries in the World. And if you are into tech, then you are in good company in Bangalore, as it is regarded as Asia’s Silicon Valley.

In Bangalore, you’ll find yourself alongside the world’s most famous tech firms, such as Google, Amazon, and Microsoft — whose R&D centres dot the city skyline.

If your still not convinced just look at the facts:

2M people employed in Bangalore’s IT sector
90K engineers graduate in the city every year
400 R&D centres, including Google’s and Amazon’s high-tec workspace
The Scalers’ proven approach to powering development operations
At the Scalers, we build your team and run your operations to scale your organisation without limits.

To achieve this level of excellence, we deliver and provide the following:

sourcing
recruitment
onboarding
local set up
admin and HR
data-driven reports
reduced time to market
long-term partnership
unlimited growth
It’s 70% faster to hire engineers with The Scalers than locally. We can build enterprise-grade teams of over a hundred. We also handle all your heavy operational liftings so that you can focus on developing new products and services.

To meet delivery demands, we make sure you can increase development capacity as and when you want.

Bringing new ideas to life with an Offshore Development Centre
As you scale, your Offshore Development Centre may mature into a fully-fledged R&D centre with various experts working together on new concepts to propel your organisation to innovative new heights.

Because of Bangalore’s deep talent pool, we at The Scalers, can find experts fluent in whatever technology you’re looking for.

From Python and Swift to Kotlin and Go — we can locate the type

elite engineers, top-tier data scientists, business researchers, business analysts and technical specialists & support experts you need to build your Offshore Development Centre.

· Home sales declined 1.5% on a month-over-month basis in December 2023.

· Existing home sales were down 34% year over year, marking the eleventh straight month of declines.

· The median sales price rose 2.3% to $366,900 on a year-over-year basis.

The National Association of Realtors recently shared a significant home sales decline in December 2022, by 34% year over year and a decline of 1.5% month over month. – the 11th consecutive month of declines. This reflects a downward trend in home sales that have taken place for almost a year, suggesting an unfavorable housing market climate. Moreover, such a downward trend has the potential to decrease the value of real estate prices. It is important to pay attention to home sale trends to make well-informed decisions when it comes to buying or selling a house.

Why Are Homes Sales Falling So Fast?
The mortgage rate increases of 2022 were unprecedented, with rates having doubled over the course of the calendar year. This all-time high increase in mortgage rates is the number one cause of the decline in home sales that we have seen across the country. High mortgage rates inflate mortgage payments and can put a strain on potential buyers’ pockets. In January of 2022 mortgage rates were reported to hover around 3%, but by December they had risen to an alarming 6.5%. This drastic in mortgage rates is faster than ever before, leading to a decrease in people being able to afford their dream homes.

Why Are Interest Rates Rising So Fast?
The federal funds rate is an instrumental tool in the Federal Reserve’s attempt to combat the inflationary pressures on the US economy, specifically now when inflation rates are at their highest in 40 years. In 2022 alone, the Federal Reserve hiked up the federal funds rate seven times, starting at a low of .25% and closing out the year with a federal funds rate of 4.5%. This is a major shift and leads to a higher cost of borrowing money for houses, cars, and everything we buy, putting a damper on consumer spending. But how high does the federal reserve rate need to go to gain control over inflation? While experts may have predictions, it’s ultimately impossible to know for sure.

In recent years, the Federal government has overseen the unprecedented growth of the M1 and M2 money supplies by increasing the number of dollars available. Looking at graphs of M1 and M2 money supplies reveals a sharp acceleration in growth in both funds. With more dollars chasing goods and services, prices naturally will rise as suppliers leverage higher demand to increase costs. This concept is simple and also known as ‘supply & demand 101′.

Will There Be a Housing Crash in 2023?
We do not believe there will be a crash in home prices in 2023, however, we do believe home prices will decline in 2023 says John Myers owner/broker of Myers & Myers Real Estate.

Housing prices are beginning to fall in many of the large cities across the United States. While there is a range of predictions from experts about what will happen next. One thing is for certain: the housing market centers around local markets and no two housing markets are the same. As a result, buyers and sellers should track local housing prices and keep an eye on the economy as time progresses to gauge how they might affect their housing plans. Although it is fully possible that housing prices could crash in some areas, others may follow different trends altogether – so tune into your local housing market to stay informed.

What Should Home Buyers Do?
As home buyers weigh the decision to purchase, they need to consider all the factors that go into home buying, especially the current and expected mortgage rates. Most experts predict the Federal Reserve will increase its fed funds rate over the 2023 year, which should result in a rise in mortgage rates. However, some experts are proposing different opinions; they feel that mortgage rates could reduce by the end of 2023. Despite these contrasting predictions, I fall in the camp that mortgage rates will be higher after this year than when we started it. Buyers will have much to ponder as home prices possibly decline due to pandemic-driven economic challenges and increased competition for homes with low borrowing costs. Each home buyer should monitor their local real estate market and reflect on their goals carefully before making a home-buying decision so they can be sure their purchase aligns with what is best for them.

What Should Home Sellers Do?
Home sellers fall into two categories – homeowners that must sell and those who want to sell. For home sellers that must sell, we highly recommend selling sooner rather than later given the fact that rising mortgage rates are making it harder for buyers to afford a home and home prices are currently falling in major cities; although we do not expect an outright crash. Homeowners who want to sell should know that markets have changed and offers will likely not come flooding in as quickly as they may hope. They should adjust their expectations accordingly and understand that patience is required when marketing themselves properly in these unique markets.

In Conclusion
After a few years of an ultra-competitive housing market, the market is shifting and a more balanced market is emerging. Buyers, sellers, real estate agents, real estate investors, and other professionals within the real estate industry are adapting to this change which results from pandemic-related circumstances being largely over, essentially returning the real estate market to pre-pandemic norms. Buyers will note that properties are staying on the market longer as competition eases up somewhat, though it is still an active housing market. It will be interesting to monitor how this shift continues in the coming months and years.

2022 Albuquerque Median Home Prices
The median home price for December 2021 through December 2022 rose by an impressive 12.3% from $285,000 to $320,000 in December 2022. Highlighting how great of an opportunity local real estate can be. Unfortunately, however, since then median home prices have dropped by 6%, as high-interest rates deterred many potential home buyers. On top of that, some sellers have been forced to reduce their prices due to homes taking longer than in the previous few years to sell which is a sign that the market may be waning. Taking these factors into consideration, those considering purchasing should take their time and review all available options before making any decisions related to this volatile housing market.

2022 Albuquerque Average Home Prices
The average price of homes for sale in Albuquerque has seen extraordinary growth this year from its average of $330,420 to now $371,791, a remarkable 12.5% increase. This exciting development in the Albuquerque housing market had been described as one of the fastest-growing increases in over 20 years. Yet, as interest rates rise, there are signs that the market is starting to slow down. From May 2022 to December 2022, average home prices have noticeably declined by 7.5%, confirming that indeed the market has been affected and has seen a decrease since its peak. As we look towards 2023, it will be interesting to observe whether average home prices continue to decline or return to their earlier levels of success.

2022 Albuquerque Days On Market
Despite the annual 6.7% increase in days on market to sell a home in Albuquerque, the real story begins to emerge when we look at December of 2022 – that month having 66.7% longer days on market than December 2021! This paints a very different picture, as it’s no longer feasible to expect multiple offers for your house within mere hours after putting it up for sale. Instead, an expectation of 30 days or less on the market may be more realistic and this adjustment back to normality doesn’t happen overnight; markets need time to balance out and recover from an extreme seller’s market, just as is the case here due to the Coronavirus pandemic.

2022 Sales Decline by 22% in Albuquerque
Albuquerque home sales have seen a substantial decrease in the year 2022, dropping by an astounding 22% according to the Greater Albuquerque Association of Realtors. Albuquerque is currently facing a shift in the housing market. The combination of high mortgage rates and high housing prices is making it more difficult for potential buyers to secure real estate in Albuquerque. With fewer homes on the market compared to previous years and mortgage interest rates edging higher due to rising inflation, Albuquerque homebuyers are faced with increasingly difficult conditions while attempting to purchase a home. Albuquerque’s current housing situation is creating unique challenges for potential buyers as they strive to find affordability and stability in a difficult real estate market.

The slowdown in real estate sales has caused buyers and sellers to feel its effects. Sellers are having to adjust their expectations; the days of their homes selling in a matter of hours, way over list price, are long gone. We have shifted to a more neutral market for both buyers and sellers, which means taking more time to find the right fit and making sure that both sides are in agreement on the terms of the sale. Sellers must now realize that although market conditions may be difficult, it is still possible to secure a sale at a fair price that takes into account current market trends.

The Changing Albuquerque Real Estate Market is Real
Albuquerque’s real estate market has been undergoing notable changes for the last few months, shifting from an extreme seller’s market to one that is more balanced. The current mortgage rates have rapidly increased in 2022, causing an affordability problem for many buyers who are looking at Albuquerque’s high prices of houses. This especially affects first-time home buyers, who have been finding it increasingly hard to get a foot on the property ladder. Although no one can predict when these factors may change, there is no doubt that Albuquerque’s high mortgage rates and expensive properties will remain a challenge for those searching for their dream home.

Mortgage Rates Are Killing Sales The Albuquerque Housing Market

The mortgage rate landscape has been drastically changed by the year 2022. At the start of the year mortgage rates were very low at 3%, however, were soon to increase at a dramatic pace. Mortgage rates doubled from the start of 2022 to their average rate of 6.53% at the end of the year. It is no wonder that many are struggling to qualify for a mortgage after such exponential growth in mortgage rates. It seems likely that mortgage rates will continue to grow throughout this next year, although at a slower pace than before. With mortgage rates fluctuating so drastically, it is unsurprising that the housing market across the country has been hit hard as well. Unfortunately, it is impossible to predict what will come in 2023; one thing is for sure though, mortgage rate volatility continues to create serious ramifications within housing markets around America.

What Should Sellers Do In This Market?
Selling in this market can be a tricky proposition. Even homes in the best neighborhoods in Albuquerque are taking time to sell. It depends on the individual’s circumstances and what their plans are after selling their house. If a seller is looking to purchase another home, then they must keep in mind rising interest rates and plan accordingly. On the other hand, prices are high and it may be an ideal opportunity to sell at an attractive price point. Ultimately, what sellers should do will come down to what they believe is best for them and what their objectives are when selling.

What Should Buyers Do In This Market?
Those in the market for a new home and needing to purchase soon should act now rather than wait since it is impossible to predict what prices or rates will do in the future. Interest rates are on the rise and may continue to rise, so locking in a good rate now can be beneficial to buyers. Furthermore, when interest rates eventually come down, those who have already bought can take advantage of this by refinancing their mortgage if desired. With all things considered, what buyers stand to gain by waiting may be outweighed by what the cost of not acting could be – making now the right time for those needing to buy soon!