Talk of The Villages Florida - View Single Post - US Home Values Bottomed Out?
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Old 08-12-2008, 03:34 PM
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Default Re: US Home Values Bottomed Out?

All these shows and national media information is more broad stroke for what is going on across the country. Not exactly what is happening in the Villages. That market is actually doing quite well. On new homes they sell about 50 a week and resale about 10 a week. And recently they have been removing incentives that they had in the past several months. So the microcosm in The Villages is somewhat different. That market never declined as much as the rest of the US and probably never will. Just look at foreclosures around the country and in TV. Much lower in TV. So it's good to try to have an understanding of the local market vs the national market. Many people who retire buy for cash or use cash from other sources to support those homes. There income is usually stable, social security, retirement annuities etc. so no lay offs or job losses. The hold up most people have moving there is the home they own it that "other market". But many buy now anyway and own two homes for some period of time.
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