Talk of The Villages Florida - View Single Post - Dropping Home Prices in TV is a Good Thing
Thread: Dropping Home Prices in TV is a Good Thing
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Old 10-07-2023, 02:46 PM
melpetezrinski melpetezrinski is offline
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Quote:
Originally Posted by OrangeBlossomBaby View Post
Mortgage rates don't really apply in the Villages, because the majority of homebuyers don't have a mortgage. This is their retirement home - which means they're moving from somewhere else. Supposedly selling their previous home, and using the proceeds to buy their Villages home, and living off their retirement income.

Though there are people who get a mortgage here, it's not the norm.

The "majority" don't have a mortgage. Your are CORRECT! However, I bet you didn't think that % was 60%. So, mortgage rates DO apply in TV.