Second Home Market
You’ve likely already heard about Pacaso, the second home-buying startup launched by Zillow vet Spencer Rascoff and dotloop founder Austin Allison that offers fractional ownership and income potential to vacation home buyers. But what if you want to purchase your second home on your own? And what if you don’t want to deal with any of…
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Like the outdoors? Appreciate a buzzy food scene? Want to get your foot in the door in a quickly growing market? Buying a second home in Bozeman, Montana, may be the move. A Booming Destination Bozeman has consistently been named one of the fastest-growing cities of its size. While prices have already trended upward considerably,…
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Start spreading the news … New York real estate is so expensive many are opting to remain renters in the city they work in during the week, and instead plunk down their case for a more affordable second home for weekending, a recent report from CNN Business found. “Starting with a second home can be…
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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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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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