Amidst growing buyer confidence in the year-old US housing recovery, driven by low prices and mortgage rates, the resort market for vacation homes has, at the very least, witnessed price stabilization and, in pockets, price increases. Second home buyers are particularly emboldened as they experience price increases in their own respective home core markets. Resort real estate demand relies on discretionary income and usually lags behind the broader home market by approximately one to two years, indicating second homes are on the threshold of a recovery.
Link to article By Prashant Gopal and John Gittelsohn – Jun 14, 2013, Bloomberg News
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