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Second Home Market

Why Turks and Caicos Are The ‘It’ Luxury Buy

By Bethany Erickson | December 7, 2019 | 1 Comment

Fox Business has discovered what many have known for a while — the Turks and Caicos are hot for second-home shoppers wanting a bit of beachside luxury. I mean, we’ve been telling you about it for a while. It’s also pretty darn easy to get to Turks and Caicos  — American flies nonstop from Dallas, […]

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Waldorf Astoria New York to Launch Condo Sales Next Year

By Bethany Erickson | November 23, 2019 | 0 Comments

Since its construction in the 1930s, the Waldorf Astoria New York has, from its Park Avenue perch between 49th and 50th streets in Manhattan, set a standard for prestige, luxury, and glamour — which is saying something since Park Avenue is a pretty glamorous lane to begin with. Royalty, film stars, and a virtual who’s […]

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Global Luxury Market Taking a Hit, Except Here and Here

By Bethany Erickson | November 18, 2019 | 0 Comments

Is the global luxury market boxing out buyers? One publication says that luxury property prices in 45 cities rose just 1.1 percent in the third quarter, due largely to market uncertainty. The prices on high-end properties experienced their weakest yearly gain since the recession, falling 4.4 percent in New York, 3.9 percent in London, and […]

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Vacasa Picks Up Wyndham Vacation Rentals

By Bethany Erickson | November 9, 2019 | Comments Off on Vacasa Picks Up Wyndham Vacation Rentals

Vacation rental management platform Vacasa announced that it acquired Wyndham Vacation Rentals from Wyndham Destinations for $162 million, financed through a combination of $156 million cash and $10 million in Vacasa equity. Never heard of Vacasa? The company has been making inroads in the vacation home market since 2009, focusing on short-term rental management and, […]

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Demand for Vacation Homes Up, says NAR

By Bethany Erickson | November 2, 2019 | 1 Comment

Thanks to deeper pockets and low mortgage rates, more people are buying vacation homes – boosting both demand and price, revealed the National Association of Realtors’ 2019 U.S. Vacation Home Counties Report. The median sales price in vacation home counties increased at a pace of 36 percent in the five years between 2013 and 2018 […]

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Yes, You Can Find an Affordable Waterfront Home

By Bethany Erickson | October 26, 2019 | Comments Off on Yes, You Can Find an Affordable Waterfront Home

A second home on the water may seem like a lofty goal – and possibly an unattainable one. Waterfront homes sound pricey, and a second mortgage for many would need to be well, decidedly not pricey. A recent report from GOBankingRates, however, works to dispel that notion, surveying 112 top ocean and lakefront cities based […]

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