Quote:
Originally Posted by margaretmattson
It is not good that new home sales are doing much better than preowned. We are all living in the same community. If the newer homes were not associated with the Villages, then it would be a great thing. Remember, the minute you close on your home, you are now living in a preowned home. You are just as vulnerable (or profitable) as everyone else.
|
"Much" better? Doubtful... "Better"? Probably. Many have an overinflated view of what their house is worth, due to that crazy run during Covid.
The prices are simply adjusting to reality... I doubt you'll see people doubling their money in 12-18 months again any time soon...