The second-home market has mushroomed, and with it, a population of folks whose tastes extend beyond Dairy Queen.
P. privileges. (Exclusive Resorts, Case's luxury-residence club, will own and operate some of the units.) Since 30 percent of Miraval's guests are return customers, it seems a safe bet that there's a ready-made second-home market here.
It also suggested the average person trying to move to their second home has had their current property on the market for 13 months and would live in their first home for five and a half years, 18 months longer than new home owners did in 2011.
With the fluctuating US real estate market, many cautious second home buyers are spending their holidays in extended stay bookings, according to the Wall Street Journal.
Their home turf is the world's second-biggest car market, but sales are sagging there.
In February, the Beijing municipality rolled out a set of 15 measures, including purchasing restrictions for migrant residents and higher downpayments for second-home purchases, in a bid to further cool the property market.
Second, Germany relies on exports, not spending at home: the home market is one of the few places where sales of Mercedes cars have fallen this year.
It is only by such accommodations with local conditions that Pulte, the second-biggest U.S. home builder, has been able to break into the Mexican market.
Private-home prices have surged 59% since the market's most recent cyclical trough in the second quarter of 2009, while prices of resold public housing rose about 45% over the same period.
Construction on new homes in the U.S. slowed to its second-lowest level on record Tuesday, reflecting the continued pain that the housing market is feeling with low home prices and high inventories making new home sales suffer.
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