Talk of The Villages Florida - View Single Post - Best Time To Buy ??
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Old 12-15-2009, 12:47 PM
TomW TomW is offline
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You've got several things going on at once in TV regarding home prices. The general economy is improving slightly and inflation (cost of materials) is creeping back into the picture. More boomers are retiring every day and some percentage of those are considering a FL retirement. To wit: there are 1,000 life style people checking into TV on Jan 2nd. The older homes that contain older technology and styles are declining in price at a faster rate than newer homes at resale. Resales don't compete well with the new homes from the developer. Last, the mortgage interest rate looks like it will creep up just a little bit in the near future.
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Last edited by TomW; 12-15-2009 at 12:49 PM.