Vacation

Q&A Corner with Lawrence Yun: Vacation Homes, Inflation, and Cash Sales

NAR Chief Economist Lawrence Yun shares his thoughts on what’s happening in vacation home sales, with rising inflation, and the high number of recent all-cash home sales in the latest data. www.nar.realtor – Vacation, Resort, and Second Homes

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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

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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

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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

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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

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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

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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

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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

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