Quote:
Originally Posted by perrjojo
I keep up with the year to date home sales that are posted in the Daily Sun. Yes, home sales are down and yes, prices have gone WAAAY up. Homes in my neighborhood have increase 30% in three years. The prices on new homes are now being discounted. I have notice the number of preowned homes has remained constant while the new home sales are down. It takes 30 days to close on the new home so I am eager to see if sales show an increase in March.
PS. I love TV and am not complaining. I am just citing the trend that I have seen.
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I would be interest in seeing how long folks have live in TV when making thier post. I purchased a pre-owned home two years ago and have continued to follow home prices as I am considering purchasing a courtyard villa as a rental unit. Yes the prices have gone up over the past couple of years since I purchased. However, if one does their homework and looks at the Sumter County Tax site, you will see that the home prices are returning to pre housing crash prices. Homes (at least pre-owned) are still lower than pre-2008 levels. I was lucky and purchased right at the bottom of the market. I have a friend who waited a year and ended up paying about 15% more for his courtyard villa.
I think someone has already said something similar somewhere in this thread, if you sell your house in New England and buy a bigger house here in TV for less, you are thrilled! If you sell your big house in northren Wisconsin and buy a smaller house in TV for more you might not be as happy.
Either way, if the purchaser is satifisied with the house they purchased, who gives a rat's @#$ what others think!