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Old 10-12-2015, 04:19 PM
 
113 posts, read 234,834 times
Reputation: 39

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Does anyone know if the prices of houses in Ocala will go up, down or stay the same in three years? I'm specifically interested in OTOW new home construction.
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Old 10-12-2015, 06:58 PM
 
464 posts, read 798,563 times
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Quote:
Originally Posted by Blanco111 View Post
Does anyone know if the prices of houses in Ocala will go up, down or stay the same in three years? I'm specifically interested in OTOW new home construction.


Seriously?
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Old 10-13-2015, 08:54 AM
 
Location: Ocala, FL
67 posts, read 211,310 times
Reputation: 41
Labor costs and demand have risen sharply in the area. I would expect housing costs to increase accordingly.
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Old 10-23-2015, 02:44 PM
 
113 posts, read 234,834 times
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Thanks. That's what the OTOW rep told me, too.
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Old 12-26-2015, 01:56 PM
 
Location: Southside
15 posts, read 11,234 times
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I see the market as being more stimulus-driven than fundamentals-driven. The key factors are interest rates and lending policy (ie down payment requirement, credit strength, etc). If you have a crystal ball that can see fannie/freddie policy for the remainder of the decade, you'll have your answer.
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Old 12-26-2015, 07:34 PM
 
20 posts, read 17,839 times
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It took OTOTW years to get where they are at, but more and more boomers are retiring every day, looking for nice digs. OTOW I think qualifies.I think the buying will be accelerating so prices will be going up. JMO.
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Old 12-26-2015, 09:25 PM
 
Location: Florida
4,978 posts, read 4,368,428 times
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I do not think they will go down and prices in Ocala have been going up.
But I would not buy now to avoid the price increase if I was not going to use the home most of the year.
Rentals are 6 month or a year so if you are thinking of the home as an investment make sure you know the rules of renting.
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Old 12-26-2015, 11:25 PM
 
1,914 posts, read 1,221,912 times
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Quote:
Originally Posted by rjm1cc View Post
I do not think they will go down and prices in Ocala have been going up.
The gains in home prices in a large portion of the area is worrisome in my opinion. Ocala appreciation rates are higher than the overwhelming majority of the state and continue to increase at an alarming (and unnatural) rate.
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Old 12-27-2015, 04:51 AM
 
19 posts, read 33,143 times
Reputation: 22
According to last weeks paper, home prices are up 23% over the same period last year
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Old 12-27-2015, 02:53 PM
 
Location: Southside
15 posts, read 11,234 times
Reputation: 14
Max 80% LTV and 28/36 DTI would put a stop to this bullsh*t. It's the only thing I miss about 1985.
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