The most significant implication of the study, said Engelhardt, is that though the second-home
market currently is and will continue to be relatively small but with sustained future growth among older homeowners, the source of the growth will come from the sheer size of the baby-boom cohort--not because boomers own second homes at a higher rate than their parents' generation.
Venturoni's research does not cover all of Colorado's second-home
Although most vacation areas attract retirees, two of the top 21 markets in Florida are most popular with second-home
shoppers planning to retire.
Like all tourism- and second-home
based economies, the district is vulnerable to economic downturns, changes in vacation and recreational trends, and weather conditions.
An e-mail survey of home buyers, incorporating new methodology, was used to determine second-home
The primary market for potential second-home
buyers, defined by CDP as ages 35-65 and incomes of $125,000-plus, is projected to double from 5.
An earlier NAR survey* showed the median age of people buying a second-home
in 2001 was 46.
Vacation homes and Second-Homes
have become one of the few golden investment opportunities.
The strong second-home
price increase over the last two years reflects exceptionally strong demand in the more desirable locations.
Nationally recognized second-home
expert and EscapeHomes CEO Clark Thompson said the current economic climate represents a unique opportunity to purchase a vacation home.
A total of 4,376 second homes were sold in the state's 100 most popular second-home
communities during the June-to-August period, up 4.
Third Federal Savings and Loan enters its first mortgage season in the Florida market with a new second-home