Quote:
Originally Posted by LoriAnn
No worries, things will change. I've seen this happen in The Villages before. People were panic buying homes sight unseen and paying more than asking price. Houses were flying off the market in hours! A subset of people were swearing it was NEVER going to end and The Villages was immune to normal real estate market corrections. The panic mongers were screaming that you better buy now or you will be priced out forever! You know what happened? It all changed! All of a sudden, there were 3-5% discounts on new construction. Re-sales were sitting on the market for months and sold for 10-15% below asking price. Hang in there. Things will change. Something will happen in the economy that will cause this market to cool and The Villages real estate will follow right along like it always does. I know it hard to wait and its easy to get caught up in the panic. Take some deep breaths, sit back and watch. It's coming....
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100% correct we have all been down this road.. the economy is just not doing well. Inflation is at an all time high. Gas prices continue to rise. The perfect storm is coming and guess what houses are just not immune.. as they say in real estate 10 years up 10 years down.. we are heading to the down part..