As I said in another thread, I know from first-hand experience that the previous Lifestyle Visit homes in Alden Bungalows sold literally like hot-cakes. I looked on The Villages website within the last couple months and there were 26 pending homes in Alden Bungalows at the same time. They sold a lot of homes there and they all went very quickly.
Yes, I think that there is going to be some impact by 8% mortgage rates, but I still believe that the biggest factor is some normalization after the pandemic. Especially for potential buyers who live in areas where selling their homes is no longer as easy as it once was.
That being said, the market here is still strong and with many cash buyers, I think it will retain its own market dynamics which are not exactly aligned with the rest of the country or even all of Florida. This is the premiere 55+ community in the country and 10,000 people a day keep turning 65 regardless of what the interest rates are.
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