National Association Of Realtors
As my site’s tagline reads, “you can never have too many homes.” Apparently, many buyers and homeowners agree. The latest Investment and Vacation Home Buyers Survey from the National Association of Realtors reported that vacation-home sales rose 7 percent in 2011. In all, as I may have told you, vacation-home sales accounted for a healthy…
I have just returned from the “Mile-High City” where they have altitude, medicinal marijuana and a pretty decent real estate market. I was at the annual National Association of Real Estate Editors conference where, for four days, we nutcakes who obsess about real estate lived and breathed it 24/7, consuming information. And alcohol. The main take-away: enjoy that drink. Significant declines in the number of homes for sale in many U.S. markets, and fewer foreclosures (or foreclosures on hold) are boosting the country’s battered housing market. I spoke at length to two of my favorite economists, Stan Humphries of Zillow, and Mark Fleming from CoreLogic, who gave me this zippy summary up in the hospitality suite of the Brown Palace Hotel:
Those of us in real estate know that when the housing market plummets, vacation places plummet the most. Second homes are most often discretionary purchases you wait on until you feel flush with cash. Well, get ready. Realtors say second-home buyers are returning to the store, shopping from Cape Cod to Lake Tahoe. As I…
Great piece in the New York Times recently telling you what I’ve been telling you: wealthy buyers are out snapping up deals on vacation properties. This is probably the best time ever to buy a second home. As the experts tell us, don’t buy it for any reason other than to enjoy and use it.…
I LOVE this column from HousingWire. As I said earlier, I think “maybe bad boy” Herman Cain is the only Repub candidate who has said anything remotely intelligent about solving the nation’s housing crisis, which is a major constipator of our economy: housing is 5 or 6% of the GDP. Nationally foreclosures are on their way up,…
