Vacation home market losing steam as pandemic abates

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

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Vacation rentals are attracting young buyers

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

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Some people are buying their second homes first

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

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The pandemic has caused a surge in demand for vacation homes

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

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Short-term rentals rise as U.S. reopens for business

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

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Vacasa Reveals Its 2019 Top 25 Best Places to Buy a Vacation Home

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

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Reasons Why a Vacation Home Might Be a Bad Investment

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

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

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

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%

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