Quote:
Originally Posted by Normal
Except more than half the neighborhood is still up for sale and this isn’t the only one, there are a few. The drop of the market is at the door. It should be a great time soon to buy for some. Bargains will abound. Lake Denham isn’t even built out yet.
Homefinder - The Villages(R) Homes and Villas for Sale |
Possibly. But a 6% drop in housing costs is more than offset by the increase in interest rates. Home ownership in TV is 87.1% but the vast majority of those, nearly 70%, have mortgages (datausa . io). It seems logical to assume that that ratio won't be decreasing any time soon.
Additionally, one must consider the recent RISE in prices when comparing it to the recent drop. Since Quarter 2 2020 to Quarter 2, 2023, the average purchase price of a home in TV has risen from $279,120.00 to the current average price of $406,370.00. That is a 30+% RISE in three years, and coupled with the interest rate increase over the same time period that 6% is negligible.