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The One Part of the Housing Market That’s Growing
  + stars: | 2024-01-25 | by ( Gregory Schmidt | ) www.nytimes.com   time to read: 1 min
When Joel Adler decided it was time to downsize from his six-bedroom house in Parkland, Fla., where he had lived for more than 20 years, he was disappointed with the lack options. “There weren’t a lot of homes to look at,” said Mr. Adler, a 76-year-old retired teacher, who had been searching for a year and a half. Eventually, he turned to Valencia Sound, a gated community in Boynton Beach, Fla., that opened in 2019, joining the growing ranks of home buyers who opted for a newly built house instead of an existing one, a rare bright spot in an otherwise gloomy market. The housing market has been mired for much of the past year, bogged down by high prices, soaring mortgage rates and a dearth of inventory, pushing many would-be buyers to the sidelines.
Persons: Joel Adler, downsize, , Adler Organizations: Valencia Sound Locations: Parkland, Fla, Valencia, Boynton Beach
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