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Originally Posted by Normal
David from Florida Realty Investments made the major announcement on his most recent YouTube video that the median home price for homes here in the Villages has finally dipped to below 250 dollars a square foot for the first time. Wherever the bottom is, one thing for sure is prices are dropping. If inflation on homes is checked it could be yet another reason for the Fed to lower the prime lending rate?
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I don't know about "yet another." It certainly would be an indicator but there are many indicators and not all (not many?) are pointing that direction. I'm glad I'm not responsible for making the decision.
Are homes here selling at a loss or are they just not making the profits they were a few years ago? I know of one that bought high in 2022 and sold low just this year but that may be the exception.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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