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NAR's Second Homes Report Shows Investors, Others Still Buying
November2007
Excerpts from an article by Blanche Evans
Not surprisingly, the National Association of Realtors' annual Investment and Vacation Home Buyers Survey showed that homes purchased for investment or perhaps speculation slowed in 2006, but eyebrows may bolt upwards upon hearing that second home purchases set a new record -- up from 2005, what many call the end of the so-called housing bubble.
But market “Chicken Littles” have underestimated some key factors -- that federal and local government tax subsidies such as the Tax Relief Act of 1997; …and the aging baby-boomer population at the height of its earning power each are nicely fueling home sales, even if many markets are reporting less robust sales than their peaks of 2005. Read More...
Not surprisingly, the National Association of Realtors' annual Investment and Vacation Home Buyers Survey showed that homes purchased for investment or perhaps speculation slowed in 2006, but eyebrows may bolt upwards upon hearing that second home purchases set a new record -- up from 2005, what many call the end of the so-called housing bubble.
But market “Chicken Littles” have underestimated some key factors -- that federal and local government tax subsidies such as the Tax Relief Act of 1997; …and the aging baby-boomer population at the height of its earning power each are nicely fueling home sales, even if many markets are reporting less robust sales than their peaks of 2005. Read More...
Let the Kermode Team assist you in your real
estate transactions in Cecil County, Maryland,
Harford County, Maryland or New Castle County,
Delaware.
Whether you are a first time buyer or an experienced investor, the Kermode Team can help you in choosing the right property, making an offer, negotiating, financing, mortgage rates, moving, -- everything involved in making an informed real estate decision in today's market.
If you currently own property and are thinking of placing it on the market, the Kermode Team can help you in preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection processes, and receiving a timely market evaluation.
Whether you are a first time buyer or an experienced investor, the Kermode Team can help you in choosing the right property, making an offer, negotiating, financing, mortgage rates, moving, -- everything involved in making an informed real estate decision in today's market.
If you currently own property and are thinking of placing it on the market, the Kermode Team can help you in preparing your home for sale, selecting the right agent, pricing your home appropriately, marketing it effectively, going through the inspection processes, and receiving a timely market evaluation.
Newsletter Archive
Nov 2007