The high-end residential real estate market remains strong point and plays a big role in the housing recovery. Nearly half – 48 percent – of all wealthy consumers recently reported that they plan to purchase a luxury home within the next 12 months, according to a survey of consumers with a net worth of at least $5 million conducted by Coldwell Banker Previews International … [Read more...] about Luxury Buyers Are Spending Mega Bucks in These Markets
Investments
Houston Ranks In Top 3 U.S. Condo Markets
While the national condo market is recovering, analyzing condo sales activity in the top 25 condo markets by total sales reveals some very different patterns at the metro level measure. Similar to the impact it had on the rest of the market, the interest-rate rise in the second half of 2013 caused condo sales to cool off somewhat, and by June 2014 only 14 of those same markets … [Read more...] about Houston Ranks In Top 3 U.S. Condo Markets
What Buyers Want in Vacation, Resort, and Second Homes
In 2013, the percentage of buyers who purchased primary residences and vacation homes rose slightly while the share of investment buyers declined slightly, according to the National Association of Realtors. The NAR has published a handy guide that outlines what buyers in all three categories are looking for and what their expectations are. Here's a snippet of their data: Buyer … [Read more...] about What Buyers Want in Vacation, Resort, and Second Homes
Vacation Homes a Great Investment by Yahoo Finance
Yahoo Finance cited below market value and the ability for owners to advertise their vacation home via the internet as the top reasons vacation homes have become one of the best investments for anyone today. For the last few years the only thing vacation homes have hedged against was wealth. Now, with housing values on primary residences in some cities approaching old record … [Read more...] about Vacation Homes a Great Investment by Yahoo Finance
Vacation Rental Second Homes a Dream or Income Stream
While the primary real estate market still struggles to gain traction, market factors actually favor a smaller segment of the industry: vacation homes. The reason, according to Brian Sharples, CEO of HomeAway, is the typical buyer – individuals who are nearing retirement and have the income and assets to qualify for today’s historically low mortgage rates. In fact, baby … [Read more...] about Vacation Rental Second Homes a Dream or Income Stream