Market for Vacation Homes is on the Rise!
January 11, 2011 12:41 pmI was reading up on the latest trends in second home real estate this morning and came across an interesting article on WSJ.com about vacation home sales in the US. As for market trends, I am not sure what this means for sales at some of the emerging markets in Mexico and other international real estate destinations, but its great news for our domestic clients!
“Sales in many vacation communities across the U.S. soared last year to levels not seen since boom times, driven by deep discounts, cash purchases and buyers’ rising stock portfolios.”
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As ULI's Ed McMahon explains in @smartcitiesdive, it's a way for communities to differentiate themselves from others – and since most are near highways, they're already transit-ready!
https://www.smartcitiesdive.com/news/cities-underused-malls-housing-shortage-crisis-vacant-strip-malls-zoning-reform/640399/
While I knew this day was coming, I’m still sad to see this announcement officially go out…
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A busy housing data week ahead. Mon @NAHBhome / @WellsFargo builder confidence HMI; Tue @uscensusbureau / @HUDgov housing starts; Wed @nardotrealtor existing home sales; Fri @uscensusbureau / @HUDgov new home sales. 2023 will see more weakness, but rebound shaping up for 2024.
Big news today!
The company I started 16 years ago @AltosResearch has been acquired by HW Media - the publishers of @HousingWire.
@ClaytonACollins has built a terrific operation, with great growth, and an exciting team. I’m lucky to get to join our efforts.
LFG!🚀🚀🚀🚀
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