Second Home Buyer Trends
Diana Heeb Bivona
A recent survey of consumers by HomePages.com found a few interesting statistics regarding people looking to purchase second homes:
- 21% of respondents were considering purchasing a second home within a year, another 42% within the next two to six years.
- 25% were considereing a second home for investment purposes, while 22% listed for “enjoyment,” purposes.
- For those where geography was an important consideration: 36% listed proximity to water as key, 17% wanted to live by mountains, 5% by golf courses, and 2% by the desert.
- What would stop a second home purchase? 32% said rising home prices, 18% cited mortgage rates and 12% listed job insecurity.
For more information, contact MillionSaverHomes.com a local Las Vegas real estate broker at 702.212.3513.
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