Reminder to all. We all know real estate only goes up. We all know the stock market only goes up. How quickly we forget. N/C reminder to all EXCEPT WHEN IT DOESN'T.

"more than a Trillion dollars of funds injected into it." Am I the only one who realizes that I cannot comprehend the number we regularly toss about a TRILLION or what out national debt is this week?

History shows there is no way this will end well.

Sold a home 3 years ago
 

3 years ago I put our home in Boynton Beach up for sale. I interviewed the Realtor, they took pictures, the first day in the market, she presented me with 4 offers.
First was at 15k less than asking price
Second was at asking price but VA financing
Third was at 10K over asking price conventional financing
Fourth offer was full price all Cash close in 20 days.
I accepted the Fourth offer, my realtor also had 10 other back up offers which were not needed.
Happy, Happy, Happy Cash is KING. financing can fall through in many ways
I don’t blame the sellers for trying to get as much money for their home, no, is not greed, it is what buyers are willing to pay. I walked out of a deal here when the realtor told me that there was other offers and I had to up mine, I told her withdraw it. Mine was all cash close in 30 days.

I've been watching/studying the market in The Villages for a year like a madwoman. We're here now for a month and were hoping to purchase, but I don't think it's going to happen. What is most interesting to me is checking out the property history. There are so many homes that have sold in Feb/March/April, then put back on the market in June/July for 30-50K more. No upgrades/renovations. Nothing. Just a fast flip. And people are buying!

Property values have never gone down in The Villages in any year since 1985. The Villages is not like the rest of Florida or the rest of the country.

I just read, for the first time in the history of Real Estate in America, there are more Real Estate Agents than homes for sale.

All this sort of information is of little value. Even the source is of little value. Real Estate is local. In the Villages there is a shortage of homes for sale and plenty of buyers.

In the villages and perhaps everywhere there are people who shop for sport. Far less than diner.

BINGO above poster!

In todays paper one of the Real Estate Companies commented today that resale inventory is down more than 75% from this time last year.....so for the OP of this thread, it is not the cost of homes, it is the AVAILABILITY that is slowing sales here in TV.

Not surprising or disturbing. Stocks for example there are more funds than there are companies traded.

You pass a test, you pay the fee and you are an agent.

We were in our previous home for 40 plus years. I read somewhere that the average is six years between moves. Fuzzy math, of course it is but 40 divided by 6- seven lost sales commissions on us. We are bad for their business.

The greed of sellers
 

" THIS I HOPE WILL STOP THE GREED OF SELLERS"

So you'll sell your house for what you paid?
Post your address, so I can send you a contract!

Most of us Minnesotan's are known for our fish tales....FACT people DID NOT leave Minneapolis and St. Paul in droves because of 3 days of civil unrest (riots if you will). Communities that are 50 miles from the Twin Cities HAVE BEEN bedroom communities for at least 30 years. Yes...more people are living farther out because they cannot afford the high home prices in the Twin City metro area. My townhome in Maple Grove has almost doubled in value since 2008. Lake homes in Northern Minnesota have tripled in the last 3 years and real estate agents are going out of business due to lack of inventory

Morale of the story...this is happening everywhere!

Home prices
 

We were there last month looking to purchase a home. This was our second time there looking. I agree with pricing being outrageous. Also the realtors will sell you anything. While we were there we saw a home we really liked but had some near future structural issues. Some of the new homes looked like they used leftover building materials to design and nothing matched. Needless to say, we went home very discouraged.

I don’t think the housing market has slowed down as there’s still little inventory in most markets and mortgage interest rates are still at all time lows. The question is will the prices that sellers are getting now become the comps/going price in neighborhoods in the next couple years or are buyers buying high now just to find that they have negative equity in the years to come?

TV is seen as a very desirable place to live by many...no surprise that prices are higher than the rest of Florida

having had a 2nd home in Ft Lauderdale for 20 years I can assure you whatever extra money it costs to buy a home in TV is totally worth it

There is nothing wrong with what they are doing, that's a business that is quite common. Don't forget they also take the chance of the values going down at some point so it is a bit of a gamble for them.

That’s not true at all. There are still markets going strong and it’s not greed. Houses selling in the south for the weather, last years market soft during Plandemic ! Sound jealous