[frose]

once interest rates go over 8% the price of home will tank.. give it another 2 or 3 months..

[MX rider]

Originally Posted by frose

once interest rates go over 8% the price of home will tank.. give it another 2 or 3 months..

I don't think the market will "tank" as you say. It will cool off. But there's still a supply problem with lots of demand.

I think prices will start leveling off a bit. They can't can't continue to go up.

[Rainger99]

Originally Posted by Normal

Homefinder - The Villages(R) Homes and Villas for Sale




940 K…such a deal?

Not really

This one sold for $515,000 on December 17, 2020. But it is furnished!

[ithos]

Just like the last economic downturn, The Villages will still be one of the best locations to own of home regarding property value. And the demand now by retirees is even stronger.

[Timothyimitchell]

Originally Posted by Madelaine Amee

If your "poor grandkids" are educated and in the right business, they will earn more in a lifetime than you ever did. I have two granddaughters earning over six figures right now and they are not 25 yet.

Stay tuned.

[Normal]

Originally Posted by MX rider

I don't think the market will "tank" as you say. It will cool off. But there's still a supply problem with lots of demand.

I think prices will start leveling off a bit. They can't can't continue to go up.

I concur, buyers are often cash buyers in The Villages so interest rates only encourage buying because of inflation/investment opportunity. I do see the prices abating somewhat though.

[davem4616]

Originally Posted by ithos

Just like the last economic downturn, The Villages will still be one of the best locations to own of home regarding property value. And the demand now by retirees is even stronger.

I agree....but the current prices are crazy

[vintageogauge]

Originally Posted by Normal

I concur, buyers are often cash buyers in The Villages so interest rates only encourage buying because of inflation/investment opportunity. I do see the prices abating somewhat though.

I don't think they are abating, at least not south of 44, patio villas without a garage are now over $300,000, 4-bedroom Ivy's and Woodside's now $1,000,000 plus without a pool and not on a golf course, interior lot Gardenias over $500,000, and all of these are selling quickly. Try to find a re-sale Patio Villa or Ivy or Woodside south of 44, you can count the number available on one hand, they are all sold or pending.

[Bay Kid]

Originally Posted by davem4616

I agree....but the current prices are crazy

So is the price of gas, chicken, beef, etc. Thanks to our creator for making it all funny money.

[Dr Winston O Boogie jr]

Like most things economic, it's all about supply and demand. The Villages can't keep up with the demand for new homes so people are willing pay high prices for whatever is available. In this case, it's pre owned homes.

[Babubhat]

Million dollar plus homes most at risk. Realtor lockbox indicator and traffic way down. Interest rates and stock meltdown will fix prices

[Miekies]

Originally Posted by rustyp

Insanity is the real estate commission. At 6% in April it was $20700. 9 months latter the same house commission is $42000. According to some sources people are standing in line to buy houses. The way I see it the real estate firm is doing less work and less advertising expenses at a minimum. Are the sellers really paying these (fill in the blank) kind of commissions ?

When we sold our house in Texas (Nov 2021), because we had bought here and closed Oct 30th.

We negotiated with our agent
Buyers agent 2.5%
Our agent 1.5%

We told her we wanted a bidding war, house went on market Friday we would not look at an offer until Tuesday. We had 9 offers and accepted the highest ($35,000 over asking and they paid all closing costs, no option period, as is and they pay a 100% if it didn't appraise for the sale amount.

She was a smart retailer and knew she'd make good money with minimal effort. No open houses or anything.

Always negotiate, especially in this market