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Texas coast second home market will benefit from rentals

April 16, 2014 By Michael Stuart

Investors Ended 2013 on a RollThe second home market has started rebounding strongly, especially in states that saw the greatest volume of U.S. sales and that experienced the biggest downturn, according to a new report by Fannie Mae. The three Sun Belt states — Florida, California and Arizona — have rebounded in popularity among second home buyers, accounting for 34 percent of the second home mortgages originated in 2013.

Although the Texas coast doesn’t have the volume of sales that those other states do, demand for second home mortgages is strong here too and demand for rental properties is skyrocketing. Demand for Texas beach home rentals is a strong driver for sales because realtors cannot really sell on the potential for price appreciation similar to the Florida, California and Arizona markets.  But realtors can make a strong argument that Texas beach homes can usually pay for themselves in rental income during the spring break and summer seasons.

 

Read more Second Home Market Rebounding Strongly

Filed Under: Real Estate Tagged With: second home

About Michael Stuart

Mike's experience in the technology industry is quite extensive, serving both as a designer of complex enterprise applications and as a corporate executive. In his previous life, Mike was founder and CEO of AssetWorks Inc. the industry leader in facility management solutions. Currently living on the Texas coast helping with digital strategies using Amplified Content Marketing.

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