Retirement and Vacation HomesApril 12, 2007
For the last few years you’ve been toying with the idea of purchasing a vacation property or retirement home next to your favorite golf course. What are you waiting for? There are many factors in the real estate market that have conspired to make this a very good time to buy. Here are a just a few.
Even though we are experiencing a post-boom market, continuing low mortgage rates combined with larger inventory and more reasonable pricing have created an excellent window of opportunity for the buyer.
Over the past 20 years we experienced one of the longest running fiscal expansions in history, resulting in financial affluence for many people. This growth brought an extraordinary equity increase in primary residences and provided extra financial strength for those who are entering their retirement years.
The unpredictability of the stock market has many investors seeking the relative stability of the real estate market. And even though the market in general is slowing, the second home sector will be a strong investment for years to come.