Second Home Market
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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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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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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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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New England has the lock on the states with the most vacation homes, with Maine, Vermont, and New Hampshire topping a list of states with the most second homes compiled by IPX1031. Maine, where 19 percent of the homes are second homes, came in first, with Vermont (at 17 percent) and New Hampshire (12 percent),…
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If you have the scratch, the U.S. second home market is your oyster. If you’re looking for something less pricey, however, you may have to look at spots a lot less popular than say, Nantucket, a new report from the National Association of Realtors revealed. Vacation home sales rose 10 percent from 2015 to 2018,…
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