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
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
Short-term rentals rise as U.S. reopens for business
June 11, 2020 by
The short-term rental market is seeing a rebound as city dwellers rush to escape the metropolis for some peace and quiet. As such, sites like Airbnb are reporting a big jump in bookings lately. Airbnb for example, says it had more nights booked for U.S. listings in the weeks between May 17 and June 3
Vacasa Reveals Its 2019 Top 25 Best Places to Buy a Vacation Home
August 25, 2019 by
Vacasa, North America’s largest vacation rental management platform, has launched its second annual Top 25 Best Places to Buy a Vacation Home report, highlighting the best U.S. destinations to invest in a vacation rental property. According to a 2019 study conducted by Vacasa, 65% of people actively in the market to purchase a vacation home
Reasons Why a Vacation Home Might Be a Bad Investment
August 24, 2017 by
When you have the perfect vacation in a great location, it is tempting to dream about owning a vacation home. However, an article in Realtor.com points out that a vacation home may not be such a great investment
Vacation home sales fall in 2016 as lack of inventory bites
April 12, 2017 by
Sales of vacation homes fell by almost 22 percent year-over-year, to their lowest level since 2013, according to the National Association of Realtor’s 2017 Vacation and Investment Home Survey,
Vacation homes are the newest hot property
April 3, 2015 by
It’s a good time to have a vacation real estate niche. Vacation home sales jumped to a record high in 2014, according to the National Association of Realtors 2015 Investment and Vacation Home Buyers Survey
Baby Boomers Anticipate Retiring in Style
April 2, 2014 by
An article in RISMedia , based on the findings of a national survey of baby boomers aged between 49 and 67, shows this generation is optimistic about the prospects of retirement and being able to live an independent and active life. The survey, carried out by Better Homes and Gardens ®Real Estate, shows that 57%
