According to a report just released by Homeaway, sales of vacation homes in 2011 reached a four-year high, fueled by the lowest median sales price in eight years, cheap mortgage rates, and the desire for a family retreat. The research found 33 percent of vacation home buyers purchased a vacation property last year primarily because of low real estate prices, while another 30 percent cited the desire for a family retreat. According to data from a National Association of REALTORS survey, the median sales prices for vacation properties at $121,300, putting ownership within greater reach of more consumers. [...]
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More than half a million vacation homes were purchased last year, fueled by low real estate prices, attractive mortgage rates and the potential for price appreciation according to research done by the National Association of REALTORS for HomeAway. [...]
Dennis Norman Report looks at impact of the BP Deepwater Horizon Oil spill on Florida Coastal home values According to a report released this morning by CoreLogic the impact of the BP DeepWater Horizon oil spill on home values in the coastal area’s along the Gulf coast is expected to range from [...]
Dennis Norman This week, Cher’s former Miami Mansion, which was purchased back in 2006 by Sean Wolfington, sold for $10.45 million – close to $2 million more than its sale price at the peak of the market, according to ONE Sotheby’s. So while most of the real estate market has been negatively impacted by [...] Dennis Norman By: Dennis Norman I’m talking of course about Branson, Missouri which, according to the Branson Lakes Area Chamber of Commerce website, is celebrating it’s 50th anniversary of Branson’s first show, “The Baldknobbers”. The Chamber Site also states that the Branson area has: more than 50 live performance theatres three pristin lakes 12 [...] Dennis Norman By: Dennis Norman Recently I finished an E-View TM with Bob Radigan from VIP Realty Group in Florida about the gulf coast market. Bob is also active in another popular vacation market, the mountains of North Carolina. While in North Carolina during part of the year Bob is an agent with Landmark Realty Group. In [...] |
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