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Architectural plans & designs for vacation homes—mountain homeslake homesbeach houses.

New home sales: 'Really good news'

NEW YORK (CNNMoney.com) -- Sales of newly constructed single-family homes spiked 11% in June to an annualized rate of 384,000 homes, according to a report released Monday.

The gain over May was much greater than expected. A consensus of housing industry analysts had forecast seasonally adjusted sales of 352,000, according to Breifing.com.

However, sales are still 21% below the levels of a year ago, when new homes sold in June at an annualized rate of 488,000, according to the report released by the U.S. Department of Housing and Urban Development. Four years ago, during the height of the housing boom, the sales rate for June was 1,374,000, nearly three-and-a-half times higher than last month.

Still, the report was very positive, according to Peter Morici, an economics professor at the University of Maryland who had forecast June sales to be at the 350,000 level. "That is really good news. Considering what's going on in existing home sales, with all the foreclosure activity sending down home prices, for new homes to jump like that is a good indicator that the economy is bottoming out."
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Articles About Vacation Homes


Is Now The Right Time To Buy A Vacation Home?

The dollar is in a freefall, and prices on many commodities are rising drastically. The question as to whether we're in a "recession", or not, is in the news nearly every day. Vacation home prices have fallen marginally in most areas (in comparison to their gains over the last 5 years), but only a few isolated hotspots have experienced drastic reductions in the second home market, mainly in the western states and much of Florida.

Buying a Vacation Home - Second Home Investments

Buying a second home usually means a vacation home. At one time, most people considered this a luxury. It's much more than that. It can also be an excellent investment.

Home, Sweet Vacation Home: Yes, You Can Own One—Even If You’re Not Rich

Rent-by Owner guru, Christine Hrib Karpinski: The key to affording that vacation house, cabin, or condo is cutting out the property management company “middleman.” Learn everything you need to know to successfully rent by owner.

Buying Land To Build A Vacation Home

The best way to turn your vacation home plans into reality is to get off on the right foot. There are literally hundreds of factors that can affect the value of any given lot, but what's most important is what is valuable to you.

Operation “Winter Renter”: Eleven Tips For Attracting Off-Season Guests To Your Vacation Home

Christine Hrib Karpinski offers a wealth of advice for keeping your cabin, condo or cottage booked all year round.

Old Fashioned Exploration - New Technologies - Stream Wading

Unlike the explorers of old, we have many new innovations and technological advances they not only make this type of exploration possible, but comfortable and enjoyable enough to become addictive.

Financing Your Vacation Home

The toughest part about buying any home is coming up with the escrow money, or deposit. The most common method of buying a vacation home is using the equity in your primary home. But what if you live in an apartment? Or, you've only owned your primary home for a few years?

Vacation Homes in a Buyer's Market

Watch the inventory levels and home prices closely in the area where you'd like to buy a vacation home. Once you notice a dropoff in available properties, and stabilizing of prices, or even a slight increase, it may be the best time to buy.

 
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