Talk of The Villages Florida - View Single Post - It feels like two completely different housing markets in the villages.
Thread: It feels like two completely different housing markets in the villages.
View Single Post
 
Old 02-02-2025, 02:17 PM
DAVES DAVES is offline
Sage
Join Date: Feb 2014
Posts: 3,539
Thanks: 196
Thanked 1,920 Times in 984 Posts
Default
Quote:
Originally Posted by Normal View Post
We are undergoing an inventory explosion like the Villages has never, ever seen. There isn’t any good news on that front until at least early March for now. Lending rates are staying the same and insurance is only going up. We will likely see many homes at 75 days on market and a lot more sold homes will have actual pricing at 200 per square foot. Indicators of all this are the actual numbers which are still climbing. Zillow, real estate.com and others all paint the same picture on inventory. An MLS with nearly a thousand homes and the scaling back of new construction are staring boldly at all of us.

There is a possible amelioration? Labor tightening because of deportations could come into play? It is still too early to know that though. Perhaps a ray of sunshine shine on the market after the Fed meeting in mid March?

Now is neither the time to sell or buy. The market is saturated and prices haven’t decreased enough. If I was a buyer, I would focus on the trending reaction after the Fed meeting in March.
For what it is worth,"now is neither the time to sell or the time to buy." That is true of everything. I think of a deer in the headlights of a car. Go forward, go back or stand still. We do not know what the future will be. That mentioned deer, makes its own choice which is what we all must due. Shoulda, coulda, mighta simply does not matter. It is hard to accept. INFLATION was 25% the past four years. Based on HISTORY prices will not go back to what they were four years ago unless we have a serious recession called a depression.

How to decide what to do. Old school perhaps. Write it down on index cards-it forces me to think clearly and commit. Exchange your pile of cards with others involved-wife-kid and or. That can be a surprise-all may not think the same or think The Villages or even Florida is what fits.

Finance? What can you afford? Wherever your money comes from is it secure? Many people think SHOULD BE. Problem is SHOULD BE by definition is not. We must decide by what is not by what should be.