Talk of The Villages Florida - View Single Post - The Prices Of Homes Are C R A Z Y !
Thread: The Prices Of Homes Are C R A Z Y !
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Old 06-21-2021, 06:10 AM
mrf6969 mrf6969 is offline
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Originally Posted by Bill14564 View Post
How did TV home prices do in the 2008 timeframe? (I've tried looking but haven't found the info yet) I know my house up north lost quite a bit of assessed value during that time.

Prices are currently affected by the pent-up demand from Covid, increased price of building materials, and extra money in savings due to having nowhere to spend it in the last year. I wonder what will happen if material prices drop, will prices come down or will profits increase? How about when the post-Covid shuffle slows and inventory begins to rise? It will be interesting to watch.
In south Florida the home prices then plummeted as high as 50%. In TV the hit was only 10%.