Items Tagged with 'vacation homes'

ARTICLES

  • Who buys a vacation home?

    Buyers may be younger and less affluent than you think
    You might think people who buy vacation homes are older, high-net-worth individuals, but a recent survey from Vacasa proves this is not necessarily the case. In fact, a number of older Millennials and young Gen Xers are looking to buy vacations homes, drawn to their investment potential, with one quarter of prospective buyers in their 20s and 30s.
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  • People now purchasing vacation homes for profit over pleasure

    According to a study by Savills and HomeAway, two-thirds of vacation homeowners rent out their properties to cover costs
    Over the past ten years, homebuyers motivations for buying vacation homes has moved from pleasure to profit. According to research from Savills and HomeAway, for the first time ever, vacation home buyers now prioritize rental income over personal use.
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  • Top 5 best cities to buy a vacation home

    Where to spend your summers without breaking the bank
    As summer sets in, many are anxiously awaiting their summer vacations, or even considering buying their own vacation home. ATTOM Data Solutions compared the nation’s top vacation rental markets and gives a list of the top markets to buy a second home without breaking the bank.
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  • Vacation home sales plummet in 2016

    But investment sales are on the rise
    Home sales increased in 2016, however the share of vacation rentals plummeted to levels not seen in several years. But even as vacation-home purchases dropped, investment properties increased year-over-year.
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  • Private jumbo underwriting remains tricky business

    It's difficult for borrowers looking to fund a second-home purchase to find a lender willing to lend to them -- especially if the mortgage is considered a jumbo loan, above current conforming lending limits. Per the WSJ, lenders aren't willing to let borrowers blur lines between vacation homes and investment properties.
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  • Farm loans driving vacation home investments

    Investors are increasingly using farmland lending programs to build vacation homes out on the range, according to a special report at MarketWatch. Montana, Texas and Wisconsin are seeing an increasing number of homebuyers using farm-based cooperative lenders to access funding for their vacations ranches, where rates can be as low as 2 percent.
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