Talk of The Villages Florida - View Single Post - How on earth haven't home prices crashed in the Villages.
Thread: How on earth haven't home prices crashed in the Villages.
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Old 09-28-2022, 08:44 PM
Altavia Altavia is offline
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Quote:
Originally Posted by MartinSE View Post
In answer to the OP, there are over 4 million people over 65 in Florida alone. There are, last I heard, around 175,000 here in TV. They build and sell about 400 homes per month. So, you do the math, TV is the BEST retirement community in Florida, and it makes up a tiny percentage of the market. Prices reflect demand. There is a significant larger demand here than there is supply. Most people, in my humble opinion, go somewhere else because some don't want to wait.
Also, 80% of home sales are reported to be cash so interest rates have minimal impact.