Talk of The Villages Florida - View Single Post - The Villages Home Prices during 2008 Great Recession/ Views on Current Downside Risk
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Old 02-27-2024, 07:23 AM
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Default Markets go up and down

Markets go up and down. You will for sure see further dips everywhere, houses were overpriced and interest rates were crazy low.

Post pandemic brought demand from short supply

Demand rose prices

Glut from effort to generate inventory with high interest are just starting to bring prices back down

IMHO prices should end declines by late summer, maybe early fall. Locally a red flag that is on most radar screens is the lack of sales during peak season. If March continues the same pattern, the market may be a little uglier than originally thought. The Developer has placed a lot of effort into branding Eastport? We shall see? No matter what effort is placed into branding and marketing, the organic part of the economy is still key.
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Last edited by Normal; 02-27-2024 at 07:28 AM.