Talk of The Villages Florida - View Single Post - Home Prices Coming Down Nicely
View Single Post
 
Old 03-25-2024, 07:23 AM
Shipping up to Boston Shipping up to Boston is offline
Platinum member
Join Date: Feb 2024
Location: South Harmon Institute of Technology
Posts: 1,972
Thanks: 2
Thanked 925 Times in 561 Posts
Default

Quote:
Originally Posted by Normal View Post
For our housing correction turn-around to happen in less than a year seems highly improbable and unprecedented, but now is the time to embrace the sunny side. The sunny side is the more realistic market will eventually improve our economy. The service sector could see a large boost and populations in the local area could surge because of required workers and housing. This would bolster micro economies and local innovation. A younger demographic is sorely needed here.

The developer seems to embrace this reality in new build offerings with stucco kissing lanais at about 225-35 a square and stick vinyl at about 205. This is a nice drop. Many villas are under 300. You can see all this on Homefinder - The Villages(R) Homes and Villas for Sale thevillages.com new homes section.

Perhaps the COVID shock to our economy has finally thawed.
I’ve not read this entire thread but when you mention service jobs and a younger generation needed to fill those positions....that is exactly the issue across the nation. People don’t want to work....younger people as well. The demand that new construction will put on those high demand areas you noted will be dramatically insufficient to meet.