Quote:
Originally Posted by Normal
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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Inflation doesn't go away overnight, but has come down significantly. Another factor which goes the other way is that bank savings are getting interest for the first time in a decade or more. The best I could do at local banks a few years ago even for a CD was 2/10's of 1%. It was truly pocket change. Now, cash get 5.5%. And I know Social Security is often referred to as "fixed income," but it did receive inflationary COLA's of 17% over the past 3 years.
I don't think that The Villages has any expectation of pandemic level buying to continue indefinitely. It was not a normal real estate market. If this market is normalizing, it's not a bad thing.