Quote:
Originally Posted by Stu from NYC
Prices starting to trend downward.
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When 30yr mortgages dipped below 3% it of course stimulated lot of home buying , demand raised prices, now a 30yr mortgage is about twice that lowering demand and prices, my understanding is that all real-estate markets are to one extent or another different and that's true for the Villages as well, the question is where is the bottom for home prices , where's the top of interest rates ? recession or no recession ? , or to what extent, no matter how unique the Villages those factors will tell the tale . Just my opinion 3% = cheep money suggests leverage not a bad idea, 6%+ maybe not