Talk of The Villages Florida - View Single Post - Villages Q3 Market Update
Thread: Villages Q3 Market Update
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Old 10-31-2023, 05:47 PM
margaretmattson margaretmattson is offline
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Originally Posted by Markus View Post
BUT.... if you look at MLS sales in The Villages sales are also holding steady as well. In talking with a realtor investor sales have slowed down. Reason is if they have to take out a loan now with higher interest rates the math no longer works.
Higher interest rates does not only apply to mortgage rates. A potential cash buyer has an option. Invest the $500,000 and receive income or use the $500,000 to buy the new home. Many of my younger friends are choosing to invest rather than buy. They use their income to go on trips and to splurge on luxury items.