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Resort and Second Home Articles

Best Places to Score a Lakefront Property

Researchers scoured realtor.com® data to find lake towns that offer the most activities for residents as well the fastest growth in home prices.

Podcast: Short Term Rentals

Short term rentals have become a mainstay of the tourism industry in many resort towns, and with the rise of Airbnb and VRBO.com, there has been a rise of short term rentals in all parts of the country, in all kinds of neighborhood settings. Many people are buying real estate and using it for a short term rental. In this podcast, Brian Blaesser shares tips to know, information about what regulations you might encounter, and how agents can help their clients who are hoping to acquire short term rentals.

Fewer People Buying Second Homes

Despite overall home sales maintaining their strongest pace in a decade, 2016 vacation home sales reported in at their lowest level since 2013, dropping 21.6 percent from 2015. The National Association of REALTORS® Chief Economist Lawrence Yun attributes this decline to challenges with affordability and supply. The two of the most popular destinations for vacation homes – the South and the West – have seen soaring home prices in several markets in recent years, meaning purchasing a second home has become difficult and unaffordable for many buyers. However, buyers purchasing... Read More

Primary, Vacation, and Investment Homes Purchased by Region in 2016

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This infographic was created using data from the 2017 Investment and Vacation Home Buyers Survey.

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Snapshot of 2016 Second-Home Buyers

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This infographic takes a look at investment and vacation home buying in the past year.

Affordability, Tight Supply Cause Vacation Home Sales to Plummet in 2016; Investment Sales Climb 4.5%

WASHINGTON (April 11, 2017) — Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to an annual second-home survey released today by the National Association of Realtors®. The survey additionally found that vacation and investment buyers in 2016 were more likely to take out a mortgage and use their property as a short-term rental.

NAR’s 2017 Investment and Vacation Home Buyers Survey 1, covering existing- and new-... Read More

2017 Investment and Vacation Home Buyers

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This infographic takes a look at investment and vacation home buying in the past year. 

A Grander Vision for Short-Term Rentals

Investors renting out property on sites such as Airbnb could generate more income by getting into the world of special-events leases. But there are a number of hurdles to clear in order to make this a winning investment strategy.

Marketing Yourself as an RSPS

In this video, NAR member and REBAC instructor Cheryl Knowlton teaches you how to get the most out of your RSPS certification, including how to: 

  • Know your market and your prospective buyers 
  • Become your area’s ambassador 
  • Advertise and promote your RSPS certification/specialty 
  • Use social media to network and demonstrate your expertise 
  • Network in your community 
  • Network with other RSPS members 
  • Create a web site that will be the “go-to” spot for people thinking... Read More
FIRPTA Changes Primer

In this video, Evan Liddiard and Linda Monaco discuss FIRPTA changes and what they mean for buyers and sellers of real property and for the commercial real estate industry. 

Tax Reform 2017: What to Watch Out For: Presentation Slides

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These presentation slides are from Evan Liddiard's update on current tax reform proposals and their implications, presented on March 22, 2017. 

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Tax Reform 2017: What to Watch Out For

Evan Liddiard, Senior Policy Representative for Federal Taxation at NAR, gives an update on current tax reform proposals and their implications. 

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Realtors®: Educate Yourself and Your Clients on the Risks and Rewards of Short-term Rentals

ORLANDO, Fla. (November 5, 2016) — Home sharing is increasingly becoming popular amongst travelers and homeowners alike, and Realtors® need to be aware of the opportunities and intricacies when helping their clients purchase property that's intended for short-term rentals. That's according to a panel discussion here yesterday at the 2016 REALTORS® Conference & Expo.

The timely conversation on short-term rentals and private property rights comes at a time of much debate on the appropriate amount of regulation for home sharing... Read More

Homes, Communities, and Wildfire: What REALTORS® Need to Know

Learn what you need to know about wildfire risk to homes and real property from Michele Steinberg of the National Fire Protection Association (NFPA). She shares information on how homes ignite and the simple steps that homeowners can take to prevent wildfire disasters in their communities.

Find out about the voluntary Firewise Communities program and how neighborhoods and subdivisions are working to improve safety for all residents in partnership with local fire departments and wildfire mitigation specialists. Get access to free tips and tools you can use to communicate... Read More

Rental Housing Restrictions

Many communities have adopted some form of rental housing regulation, and many more are rushing to implement ordinances in response to the boom in short-term rental markets. Understanding the implications of these regulations will help you to help your clients.

Rental Housing Restriction White Paper

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Primary, Vacation, and Investment Homes Purchased by Region

This infographic was created using data from the 2016 Investment and Vacation Home Buyers Survey.

More Information

2016 Investment and Vacation Home Buyers

This infographic takes a look at investment and vacation home buying in the past year.

More Information

Vacation Home Sales Retreat, Investment Sales Leap in 2015

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®. Mirroring the strong price growth seen throughout the U.S., the median sales price of both vacation and investment homes surged in 2015.

NAR's 2016 Investment and Vacation Home Buyers Survey1, covering existing- and new-... Read More

The Next Property Rights Frontier

REALTOR® associations are working to keep up with a flood of new local regulations on home owners’ ability to rent part or all of their property. It has become a fight for home owners’ rights and property value on both sides, with many associations feeling caught in the middle.

The new rental norm

Home owners are flocking to sign up at websites such as Airbnb and Vacation Rentals By Owner, which match people seeking short-term accommodation with property owners. These sites make renting homes easier and more popular and home owners are finding out how... Read More

Did You Know? Vacation Buyers' Retreats

While most buyers purchase a home to use as their primary residence, a significant share also purchase vacation or investment properties. Because the purchase of a non-primary residence is often influenced by different factors than the purchase of a primary residence, it is important to understand how changes in the market environment affect each segment. NAR's annual Investment and Vacation Home... Read More

Did You Know? Vacation Beach Houses

While most buyers purchase a home to use as their primary residence, a significant share also purchase vacation or investment properties. Because the purchase of a non-primary residence is often influenced by different factors than the purchase of a primary residence, it is important to understand how changes in the market environment affect each segment. NAR's annual Investment and Vacation Home... Read More

Successful Second-Home Summer Sales

Help agents make the most of this busy season by teaching them how to identify prospects, qualify buyers, and follow up.

RSPS Government Affairs Update Webinar

This video is a playback of the Government Affairs Update webinar given by Russell Riggs on April 9, 2015. In the webinar, Russell talks about the benefit to members of NAR's advocacy on their behalf, and about legislative and regulatory issues affecting the resort and second home real estate market.

See the webinar presentation slides.

RSPS Government Affairs Update

These presentation slides are from the webinar given by Russell Riggs on April 9, 2015. In the webinar, Russell talked about the benefit to members of NAR's advocacy on their behalf, and about legislative and regulatory issues affecting the resort and second home real estate market.

Watch the video playback of the webinar.

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19706
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