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
View Single Post
 
Old 10-08-2023, 10:59 AM
Normal's Avatar
Normal Normal is offline
Sage
Join Date: Jun 2021
Location: Earth
Posts: 2,511
Thanks: 5,395
Thanked 1,857 Times in 902 Posts
Default Supply
Quote:
Originally Posted by Marine1974 View Post
Maybe you recall supply and demand ? When American oil drilling was restricted , oil prices shot up from $30 a barrel to $130 a barrel overnight.

Tell that to the people priced out of buying a home . 60 % of Americans can’t afford to purchase a home . The huge massive amount of national debt ,
printing of money and shutting off the spigot of American 🇺🇸 oil is driving inflation and interest rates higher . .
Inventory is the key for the housing market too. National inventory is up to 7 months according to FRED. Anyone that tells you that doesn’t matter here in The Villages is a liar. Many want to sell before they buy etc. Another issue is the ever climbing inventory locally which likely won’t slow anytime soon.
__________________
Everywhere

.. though we cannot, while we feel deeply, reason shrewdly, yet I doubt if, except when we feel deeply, we can ever comprehend fully."—Ruskin

Borta bra men hemma bäst
Last edited by Normal; 10-08-2023 at 11:20 AM.