And fixes, fixes, fixes....

A couple of our friends from UpNort moved down two weeks ago. Brand new house. Talked to them yesterday. I think there've been only two days so far when they HAVEN'T had repair people in to fix shoddy construction issues. Their story is the only one that I know of firsthand, but I've heard enough secondhand like tales of woe to make me wonder just what is going on.

We moved here last year. The first month we had numerous repairmen in. However, every issue was minor and was usually cosmetic. Paint, grout, etc. It was taken care of usually within 2 days of the call. In a pre-owned house, if you find missing paint or grout after you move in, I don’t think the previous owner will come back and fix it.

This is why we hired an inspector before finalizing our sale.

Agreed
 

They have spent a significant amount on new infrastructure.. they have to build and sell and at 7% interest rates, housing markets crashing around the country .. they will price to sell that bubble will burst

Although there are obvious exceptions, so many resale homes I’m seeing still have carpet in the living areas, dark kitchen cabinets, some with popcorn ceilings, outdated master shower, low ceilings, unappealing paint color choices, black kitchen appliances — all these things would need to be switched out on a resale - the minor upgrades needed to a new home are far less than many of the “make-overs” needed in many resales.

Would think that some people will re consider moving to the coastal areas of Florida and this might help sellers in the non coastal areas. This will include fear of hurricanes and +++ insurance premium increase.

Only time will tell, but my best guess is that market will stay good but not gangbusters like past 2 years.

At least your friends should not be paying for the shoddy construction. My biggest beaf is that developer/builders are still selling non solid surface(aka formica) counter tops in 400K+ homes. Most of the re sales do have this upgrade.

Don't forget to add the BOND to the price of the house. New house could be 30 to 40,000. Resale, low or NO bond.

I saw a vinyl sided home south of 44 on the villages website and they are asking $750K. Prices are not falling that quickly

Does not mean they will get their asking price

A house is only worth what someone is willing to pay, We we’re here during the 2007-2008 economic crisis and new home prices and resales in TV only went down about 7-8% give or take. I expect similar in the next six months.

Apples to Kumquats...

Almost two years on our resale (built in 2017) and we haven't had to fix anything (except the damn ice maker!)

Where are you looking? We have none of those issues...