Beach Homes
The Texas Rangers are going to be world champs for the second year in a row, I feel it in my bones! But Rafael Palmeiro, the Rangers former slugger turned real estate developer, might be wishing he could get back into the game and out of real estate. Palmeiro is now asking creditors in his…
This is a good way to gauge where you should buy your second home if you plan on leasing it to supplement income. As you probably know, the sluggish, morose economy continues to drag down the travel industry: one publication I know ceased their entire travel section due to lack of ads. But there is one segment…
Newport, R.I. If you’re going to have a second home, why not have it in the land once known as the “summering White House”? History, water, proximity to Providence 30 miles away plus all those mansions — Newport is where the mansion concept may have been conceived. I’ve heard it’s a reviving second home paradise. This…
In 2006 Forbes reported that Nantucket had the highest median property value of any Massachusetts zip code. Prices are softer now on this island with the nation’s highest concentration of pre-Civil War structures, which is often loaded with Texans escaping the heat. A second home buyer wants the sight, sound and scent of the ocean…
If you want to look at a market that makes residential real estate even in say, Detroit look good, look at second homes. Last year, the median price of a vacation home in the U.S. fell 11%. Compare that to what the National Association of Realtors tells us the ordinary primary residence did — fell 5 percent …
