New home sales

[jimbo2012]

Noticed today the number of new spec homes dropped to 262, it usually hangs at 280-290.

Did all the rains slow up the builders, or are sales off, also noticed less lots being marked sold over the past few weeks.

Anyone know what's up?

[graciegirl]

Real estate IS cyclical, even in The Villages.:read:

[gomoho]

jimbo - where do yoy get those numbers? Interested in tracking.

[Cantwaittoarrive]

I was wondering if sales were a little slow I saw a The Villages ad on Fox News last week and that's the first time in a while I've seen a TV ad on Fox News

[goodgrief]

I was wondering if sales were a little slow I saw a The Villages ad on Fox News last week and that's the first time in a while I've seen a TV ad on Fox News

I noticed that too! Of course we are closing on a spec 1 Oct. Didn't want to build out in the deconstruction zone...fell in love with spec.

[jimbo2012]

jimbo - where do yoy get those numbers? Interested in tracking.

Here (http://www.thevillages.com/newsletter/201209/home-neighborhoods.htm)

Click each neighborhood see the number sold

Here (http://www.thevillages.com/homes/search/?qparm1=180)

Uncheck "our newest homes"

[asianthree]

thanks

[jimbo2012]

Our rep said last month 225 new and about 100 resales, so I guess they are moving along.

[Lbmb24101]

And we were one of those 100 resales!
Can'twait to move in!

[hotrodgirl]

And we were one of those 100 resales!
Can'twait to move in!

Congratulations to you! :bigbow: How exciting. Welcome to TV

[golfnut]

If spec homes are down I interpret that to mean sales are up.....gn

[jimbo2012]

Also heard there is a spec Cottage being built with a pool as an experiment.

[chuckinca]

Our rep said last month 225 new and about 100 resales, so I guess they are moving along.

Probably excludes MLS resales.


.

[Ron1Z]

Do you buy the lot then buy the house??

[jimbo2012]

Not exactly U put a deposit on a lot to build a home, $2500-7500 depending on how long upto a year to build.

But you select the exact home later before the build starts.

[justjim]

If spec homes are down I interpret that to mean sales are up.....gn

:ho: Golfnut your logic makes sense to me! With interest rates at an all time low, if you are thinking to buy there couldn't be a better time than now. If you have the cash, you might still want to get a loan and invest your cash where you can top the interest rate and pocket the difference. Prices are trending higher too-----also here in TV.

[jimbo2012]

I think the interest rates will remain low for the foreseeable future, the issue maybe TV creeping up the prices????

[The Shadow]

:ho: Golfnut your logic makes sense to me! With interest rates at an all time low, if you are thinking to buy there couldn't be a better time than now. If you have the cash, you might still want to get a loan and invest your cash where you can top the interest rate and pocket the difference. Prices are trending higher too-----also here in TV.

If I could make more money than the bank charges me for mortgage interest would not the bank be doing the right thing by its stockholders to invest where they could get more money than they would get from me in mortgage interest?
http://t2.gstatic.com/images?q=tbn:ANd9GcQJTE6mQ7waX7ey-HwLBVT1Pt9TPWPc20FiFLwT_CL94MErfrXh

[NIPAS K-9]

our rep said last month 225 new and about 100 resales, so i guess they are moving along.

we are one of the new, we grabbed a new one in bridgeport mission hills.......... Before build out. Ohhhhhhhh so nice and close to lsl and everything.

[golfnut]

...

[asianthree]

5 of the preowned we were to look at next week sold

[champion6]

Also heard there is a spec Cottage being built with a pool as an experiment.It's been done before. We're in a Cottage neighborhood in Tamarind Grove. The Hammock next to us was a spec house with a pool. It sold in March 2011. We were very surprised that TV would build a spec house and include a pool.

[gomoho]

I think it's a wonderful idea - some people would rather have those upgrades in their mortgage payment than take the cash out of their pocket. Wish we could have found a home with all the upgrades we paid cash for.

[aljetmet]

If I could make more money than the bank charges me for mortgage interest would not the bank be doing the right thing by its stockholders to invest where they could get more money than they would get from me in mortgage interest?
http://t2.gstatic.com/images?q=tbn:ANd9GcQJTE6mQ7waX7ey-HwLBVT1Pt9TPWPc20FiFLwT_CL94MErfrXh

The reason I could make more money than the bank is I'm willing to take more risk than the bank is will to take by investing in the stock market. The bank is lending against a property. Now in the past few years that caused the financial crisis; banks and mortgage companies were greedy and just stupid.

[billethkid]

I don't think the usual notion of a "spec" house applies here in TV.
They have been at it for many, MANY years...they know no matter what they build it will sell ....and they certainly know what sells.....they have the luxury of keeping their crews gainfully employed with little/no risk.....during the hey days of 2005/2006 TV was building both designers and premiers with no buyers in site....most of the premiers had pools.....oh yes there was a waiting list back then....when your name was on the list and something matched what you were looking for they called you and said we need your decision by Monday morning.

Yes TV may be seeing a "slowdown" although the numbers including resales indicate the contrary. Every developer in the country would love to have a "slow" season like TV!!!!!

In my opinion the closer they get to build out....whenever that winds up to be.....there will be more grouping of building homes then releasing completed homes for sale. Much easier to control costs and still have a product there will not be enough of to go around.

btk

[Schaumburger]

And we were one of those 100 resales!
Can'twait to move in!

Lbmb, Another congratulations to you! What village did you buy a home in? :wave:

[batman911]

If I could make more money than the bank charges me for mortgage interest would not the bank be doing the right thing by its stockholders to invest where they could get more money than they would get from me in mortgage interest?
http://t2.gstatic.com/images?q=tbn:ANd9GcQJTE6mQ7waX7ey-HwLBVT1Pt9TPWPc20FiFLwT_CL94MErfrXh

The bank also cannot deduct the interest paid from their income, you can. You need to add that tax savings to the income from investing the money the bank loaned to you.

[justjim]

I saw interest rates at 2.5% for a 15 year loan. At these rates, I would think twice about paying cash for a home.