Vacation Home - Second Home
According to NAR, vacation-home sales rose 7.9 percent to 553,000 last year from 513,000 in 2008. Their research study shows that the typical vacation-home buyer is making a lifestyle choice, with nine out of 10 saying they intend to use the property for vacations or as a family retreat
Half of vacation homes purchased last year were in the South, 21 percent in the West, 17 percent in the Midwest and 12 percent in the Northeast. Seven out of 10 were detached single-family homes.
CLICK HERE to learn more about who, where and why of vacation home buying
This is a blog post for Real Estate Professionals, Investors, Landlord, Property Manager, and Property Management Companies. Vacation Home Sales Increase is brought to you by SimplifyEm Pay Rent Online and Property Management Software
|
Welcome back! What did you think of our Property Management Software?
Are you subscribed to our feed and receiving email updates? |
You might also want to read:
- July Existing-Home Sales Fall as Expected but Prices Rise August 24, 2010: Existing-home sales were sharply lower in July following expiration of the home buyer tax credit but home prices continued to gain, according to the National Association of Realtors®. Existing-home sales which are......
- 2010 Best Value Sun Spots for buying Vacation Homes Two years of global recession have made villas and apartments in some of the world’s most desirable locations dramatically more affordable, according to a new league table of holiday home hot spots. Real Estate company ......
- 2010 1st Quarter Real Estate Market Data – The State of US Home Sales Home Sales - Sales of new single-family homes totaled 358,000 (SAAR) units in the first quarter of 2010, down 4 percent from the previous quarter but up 6 percent from the first quarter of 2009;......
- 4 Guidelines to follow for Purchasing Second Home – Vacation Homes in Today’s Market During cold winters with inches of snow outside, many homeowners dream of a second home – a vacation home in a warmer climate. During the last few years, when the credit markets froze, it has......
- Buying a Vacation Home – Real Estate Investing 102 There are lots of good reasons to want a vacation home, and hardly any of them are financial. There are psychological reasons, emotional reasons, family reasons. These kinds of reasons tend to push financial considerations......
