When the COVID-19 pandemic was in full force, vacation homes suddenly became extremely popular and were some of the hottest properties on the market. However, as the pandemic abates that trend now appears to be on the wane. With life returning to normal, higher mortgage rates and an increase in loan fees for second homes
Vacation rentals are attracting young buyers
August 25, 2021 by
Young adults are showing lots of enthusiasm for vacation rental ownership. Indeed, the interest is so strong that even with limited credit histories and little saved for a down payment, many are still able to find loopholes to make what they believe will be a very lucrative investment. hi The proportion of homeowners under age
Will Investors Let The “Digital Nomad” Boom Pass Them By?
July 19, 2021 by
The digital nomad trend got superheated by the pandemic. Now it’s a race to see which real estate investors and property owners adjust.
Some people are buying their second homes first
April 16, 2021 by
Although it may seem to be at odds with convention, a growing number of renters are buying second, vacation properties even before they purchase their primary residence. Real estate industry watchers say the trend is borne from the COVID-19 pandemic, and that with remote work now a permanent fixture of many people’s lives, they’re taking
The pandemic has caused a surge in demand for vacation homes
February 16, 2021 by
The COVID-19 pandemic appears to have inspired more people to look at buying a vacation home, according to a new analysis of mortgage data by the online real estate brokerage Redfin. In its analysis, Redfin found that mortgage applications for second homes jumped by 84% in January, compared to one year ago. And in September
Builders cater to the growing second home market
January 10, 2021 by
With remote work becoming much more common, the second-home market has enjoyed strong growth and data suggests builders are responding to that trend. The advent of remote work means no more commute, and so many Americans have decided to invest in a second home far from the city, in more pleasant climes where they have
REMI’s Top Tips for Investing in a Vacation Home
April 17, 2013 by
The Real Estate Marketing Insider has announced its top four tips for budget conscious buyers who are considering purchasing a vacation home as an investment property. A recent Trip Advisor survey showed that nearly half of all US travelers have stayed or are planning to stay in a rental home this year, up from 46% last year and 40% in 2011.
Own A Piece of Dalmatia, the Adriatic, and Dubrovnik Sun Gardens
August 20, 2012 by
My work as Editor of Argophilia Travel News takes me to many places in Europe. One of my all time favorites, Croatia, is a country of rare cultural and adventuring opportunity, not to mention luxurious living too. Today I ran across a development the real estate investor out there might be interested in, the Residences at Dubrovnik Sun Gardens.
Lightening The Load: Economic Woes Increase Vacation Home Sales?
April 17, 2012 by
You might think that with foreclosure sales growing across the country and homeowners experiencing reduced equity levels, vacation homes sales would be down, but you would be wrong. In 2011 they were up, with the majority of sales going to investors, not owner-occupiers.
Vacation Home Market Booms
April 9, 2012 by
Investors who can afford to make a foray into the vacation market are labeling conditions as “the perfect storm” at the moment – low mortgage rates, falling values and increased affordability – all of this is providing a growing number of opportunities for those in the market for a second home.
