Survey: Vacation Home Market on The ReboundBy Posted in - Press on March 19th, 2011
After several years of negative trends in the real estate industry, finally a sign of life: A market study just out by a Stuart real estate marketing firm shows budding consumer confidence in the second- or vacation-home market. “It’s no exaggeration to say that four years ago — unless you count commercial buyers grabbing up ultra-cheap foreclosures — the second-home market was dead as a doornail,” said Rolly Marsh, a market analyst with Washington, D.C.-based National Association of Realtors. The good news comes via the third annual Cotton Report, which reports a polling of more than 800 participants on housing preferences, motivating factors, pricing levels and timelines for purchase. It included participants from 39 states, Canada, Europe and Latin America….