Talk of The Villages Florida - View Single Post - New home sales slump
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Old 01-06-2024, 12:22 PM
GoRedSox! GoRedSox! is offline
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The folks who live down south don't seem to be selling at a furious pace. I hear nothing but great things from folks who live in St. Catherine's, St. John's, Hawkins, Desoto, particularly Fenney and Hammock at Fenney, Linden, Desoto, Marsh Bend, DeLuna, Cason Hammock, Citrus Grove, etc. I think the factor that could be coming into play somewhat in Newell, Lake Denham and Dabney is a combo of the higher mortgage rates, higher bonds, higher bond interest rates, and Lake County/Leesburg taxes. That being said, we would have bought down there because the homes are nice and so is the area and the people, and pragmatically, that's where the new homes were/are being sold. However, we found a place right near Brownwood that we really liked and bought, but if that wasn't available we would be in Lake Denham right now and I'm sure we would be very happy. I think mortgage rates will continue to fall as 2024 unfolds. Those houses will all sell and we will be on talking about the next village.