The market may be normalizing, but is still amazingly resilient for a housing market with a 7.44% 30-year mortgage interest rate. No one could expect the pandemic market to continue once we were no longer in what is considered a pandemic.
The thing that strikes me is the sheer magnitude of what The Villages is doing down south. There is land cleared and construction going on right now seemingly for as far as the eye can see. The amount of construction is mind-boggling. It does not appear that The Villages is holding back or slowing down. I am amazed every time I go down there.
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