Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years.
Despite overall home sales maintaining their strongest pace in a decade, 2016
vacation home sales reported in at their lowest level since 2013.
In 2014, the number
of vacation home sales rose by 57 percent, which is a peak since 2006, according to the National Association of REALTORS.
Vacation home sales boomed in 2014 to above their most recent peak level in 2006, while investment purchases fell for the fourth straight year.
But
vacation home sales tanked last year as demand outstripped the supply of available homes, said Lawrence Yun, chief economist at the NAR.
Palm Springs Area Vacation Home Rentals Vacation Home Property Management Vacation Home Sales
As vacation home sales soared, investment purchases dropped for the fourth consecutive year, the report showed.
Vacation home sales jumped to a record high in 2014, according to the National Association of REALTORS ®» 2015 Investment and Vacation Home Buyers Survey.
Vacation home sales cooled off in 2015 but remained at the second highest amount in nearly a decade, while investment purchases increased for the first time in five years, according to an annual survey of residential homebuyers released by the National Association of REALTORS ®.
NAR Chief Economist Lawrence Yun attributes the vacating
of vacation home sales to low supply and unaffordability — the same issues plaguing the housing market overall.
WASHINGTON (April 2, 2014)--
Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of Realtors ®.
According to the National Association of Realtors (NAR,)
vacation home sales accounted for 21 percent of all real estate transactions last year, their highest market share since the survey was first conducted in 2003.
WASHINGTON (April 1, 2015)--
Vacation home sales boomed in 2014 to above their most recent peak level in 2006, while investment purchases fell for the fourth straight year, according to an annual survey of residential homebuyers released today by the National Association of Realtors ®.
Vacation home sales, according to Yun, are now 36 percent below their 2014 peak.
Also covered: a surge in
vacation home sales and what's inside the proposed federal rule on drones.
WASHINGTON (April 6, 2016)--
Vacation home sales cooled off in 2015 but remained at the second highest amount in nearly a decade, while investment purchases increased for the first time in five years, according to an annual survey of residential homebuyers released today by the National Association of Realtors ®.
Dallas giant Ebby Halliday, REALTORS ®, now does 5 percent of its volume in
vacation home sales, thanks in part to a referral agreement it made with a nearby Del Webb development, says Petey Parker, the company's vice president and relocation director.
NAR reported in April that
vacation home sales surged in 2014, reaching their all - time high since they began our annual Vacation and Investment Home Buyers Survey in 2003.
At last there are rebounds in the real estate market...
Vacation Home sales have been reported at soaring levels that have not been seen since the days of the housing boom, according to The Wall Street Journal.
Vacation home sales rose 7.0 percent to 502,000 in 2011 from 469,000 the previous year.
That means no tax deferral or exemption rule is available for
vacation home sales.
According to NAR,
vacation home sales jumped 29.7 percent to an estimated 717,000 last year, up from 553,000 in 2012.