Vacation
Vacation Home Sales Surges During Pandemic
In 2020, vacation home sales rose by 16.4%, outpacing the 5.6% growth in total existing-home sales. www.nar.realtor – Research
Mortgage Rules Toughen Up for Condos in Vacation Hot Spots
The new rules could make it tougher for some buyers to get a mortgage on condos in resort areas. www.nar.realtor – Vacation, Resort, and Second Homes
Vacation Home Sales are Getting a Pandemic Boost
Vacation home sales are outperforming total existing-home sales. Sales of homes intended for vacation use rose to 109,100 in the past three months of July-September, a 44% gain from the level of 75,600 sales during the same period last year www.nar.realtor – Vacation, Resort, and Second Homes
Rising Financial Wealth Boosts Demand for Vacation Homes
Many homeowners buy a second home expecting to use it for family vacations, as a rental, to gain equity, or – upon retirement – a future primary residence. www.nar.realtor – Vacation, Resort, and Second Homes
Top 5 Least Expensive Vacation Home Destinations
Vacation homes can cost less than $ 100,000 in these counties in Maine, New York, Pennsylvania, Missouri, and Michigan. www.nar.realtor – Vacation, Resort, and Second Homes
Top 5 Vacation Home Destinations
Top vacation home counties are those where the vacant housing for seasonal, recreational, or occasional use made up 20% or more of the county’s total housing stock. www.nar.realtor – Vacation, Resort, and Second Homes
Top Vacation Home Counties
NAR has identified vacation home counties, the least expensive and most expensive areas, and the income profile of buyers who can afford to purchase a vacation home. www.nar.realtor – Vacation, Resort, and Second Homes