Quote:
Originally Posted by Normal
Two pictures of the sales map. One 3 weeks ago, one this morning. Is it location or the economy? Houses aren’t moving too well these days. I would measure the more “rentable” across from Brownwood is the reason for the wait? Leesburg taxes?
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My quick response is,
#1 the higher interest rates are hurting retirement savings that are invested in the stock market. When the stock market is up people spend more money.
#2 The mortgage interest rates are hurting both preowned and new home sales.
#3 As much as the present homeowners in The Villages like the prices to go up and up. The higher the prices the homes will be pricing themselves out of the market. Remember in Florida your homes real estate taxes are based on the sale price of the house.
Higher Mortgage Interest and Higher Home prices is the reason for lower sales.
Just My Thought on home sales