[graciegirl]

We live in a newer village. Our house is a year and a half old. Three homes have resold immediately and quite a bit more than what was paid for them. One was on market for one day, one didn't get listed, and one for about three weeks.

[JP]

Originally Posted by gomoho

And is it my imagination, but are the lots also getting a little bit smaller???

I have to agree.

[justjim]

Watching CNBC this morning and an interesting number caught my attention. Interest rates over the next 2 to 3 years are expected to climb to the 6% range. It was pointed out that would be a 34% increase in mortgage payment. This is significant and would be enough for many first time buyers and those who want to move up to opt out or be "turned out" of a mortgage approval. The good news---in the short run the increase in interest rates will actually increase housing purchases as people run to buy before the rates push them out of the market. Bottom line----it appears we will probably have a couple of years of a window where housing prices will significantly increase. Good news for property owners. For those thinking about buying their retirement home, you might want to speed up your buying schedule or pay a significant higher price for your retirement home.

[jblum315]

I think as interest rates go up, housing prices will go down?

[rubicon]

Originally Posted by mickey100

I agree. No one can predict the future like that. There are many new developments going up across the country, I'm sure some modeled after the Villages. They could cut into sales here, among other things.

mickey100: Please where in the country are the developments that are modeled after The Villages?

Predicting home prices in this global economy is going to be difficult. Look what Bankanke's big mouth did yesterday to the global indexes. People are use to low or zero interest rates and any increase is going to affect the markets.
Location Location Location is another factor so when someone talks about a model it depends on which lot it is located and what extras it has. Actually I am surprised by the number of variables that have applications to the homes here.

We originally thought we wanted a premier home but changed our minds and purchased a lantana in 2006 on a championship course that has many extras that add value to it. We paid top price but we sold our home for a top price. I do not want to sell my home. I'll let me kids do that Perhaps by then this issue of value will be settled

[gomoho]

We purchased a Bougenvillia with an enclosed lanai and golf cart garage in 2012 for $198K. An identical model one street over just sold for $238K. Not bad in a year's time. Would be an excellent comp if I were interested in selling.

[Schaumburger]

Originally Posted by thelegges

patio villas price are on the rise but not as high as when we looked in 2007

How much were patio villas selling for in 2007? And were these new or preowned patio villas?

[vanbright]

Realtor / The Villages Sales Agent

COMMISSION.

WHO do you think they are looking out for?

Seriously.

[JP]

If you look at Trulia, they are predicting home prices will rise 6% in the 32162 zip code area. Probably demand? In Leesburg area and areas around there, they are predicting a decline in house prices.

[Villager Dude]

Originally Posted by CarolSells

Wow. Any agent who offers predictions on the future value of a property is a fool IMHO. Please don't make a decision about a purchase based on info like this which is based on nothing more than wishful thinking.

CarolSells

I had the same reaction to the agent making a future projection. Seems like there could be some future liability there.

[MSG@TV]

Originally Posted by gomoho

And is it my imagination, but are the lots also getting a little bit smaller???

Wondered that myself?

[keithwand]

Originally Posted by MSG@TV

Wondered that myself?

No the houses are getting bigger!

[gomoho]

Originally Posted by keithwand

No the houses are getting bigger!

Fair enough, but getting closer, right???

[mickey100]

Originally Posted by gomoho

Fair enough, but getting closer, right???

Well they are certainly closer than they were some years back. Take a look at lots over by Tierra del Sol or out by Lopez, then compare to the newer Villages. No comparison as far as size and closeness to neighbors generally speaking.

[mulligan]

setback requirements probably vary from county to county. Lopez is in Marion, Tierra Del Sol in lake (at least parts of it), and obviously the new construction is in Sumter.