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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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