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Originally Posted by Robnlaura
We recently looked at homes in the villages (new) noted large tracts of “unreleased homes” noted large tracts of future development. Noted the only homes they took us to were “waterfront” hahahhahaha a retention pond. A salesman says o prices won’t drop .. guess he forgot about 2007. Wood futures dropped 50% building will be back in full swing soon. We decided that a 23% price increase in one year was unsustainable.. old homes we have no interest in. Yes we will wait.. remember all those foreclosures that Covid stopped happening… shadow inventory
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At this moment, there are only 17 new homes on the market, according to The Villages app. Good idea that you decided to wait. It looks like people are just buying up whatever they can and hopefully it's something that they really want. Kind of like a land rush.
The Developer is putting in those 'ponds' so they can increase the home price. Our sales rep friend said the ponds look good now due to all the rain we have received, but beware. The Developer will not guarantee that water will always be in the pond. In my opinion, you can have a pond or pond scum or mush behind you house. No thanks.