Talk of The Villages Florida - View Single Post - Villages Q3 Market Update
Thread: Villages Q3 Market Update
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Old 11-12-2023, 11:54 AM
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Default Larger Impact
Quote:
Originally Posted by GoRedSox! View Post
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.
The shrinking group of senior demographic due to inflation and having to return to work because of fixed incomes along with the post COVID drop in the desire to move to Florida could also be a larger part of the calculus.
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