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Originally Posted by justjim
“Good time to buy”? Since 2006 I have “watched” the real estate market in The Villages. Many many houses are over priced IMHO. Even the Developer is discounting some new homes south of 44. Inventory of new homes is high in part because of the lack of commercial (supermarket, restaurants, etc.) south of 44 and high interest rates. Those that have a mortgage with a low rate but would like to move up into a “pricey” new or resale home won’t pull the trigger until interest rates move lower. No, I would wait to buy until the second or third quarter of 2024 unless I had cash and had to have a home immediately.
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Things are greatly changing in the villages as younger residents move in. Their main concern is not commercial and retail. They are looking for a better lifestyle something that will improve their health or keep them healthy. Retail definitely going by the wayside hoping for better fitness venues than stores.
Why go to grocery when you can order anything you need, delivered when you want. My parents at 90 don’t even waste time in a grocery.
As far as retail new gens rarely go to brick and mortar. I’m not sure if our grandkids shop in a brick and mortar, LuLu Lemon just arrives at your door step.