Photo by Andy Truello
Fresh from the Web, an interesting piece from CNBC’s Shelley K. Schwartz. The story includes several insightful quotes from author James Boykin, who understands what buyers should be looking for in a second home. The piece also illuminates that affluent buyers are still out there, perhaps waiting for “the bottom.” But insiders in private, gated community circles say that cash discounts are less likely than the developer underwriting a buyer’s golf membership for a year or two. These communities hold their values well because they typically avoid lowering the prices of new homes. Are we starting to see signals that second homes will make a comeback this year? If you are shopping, here’s a good place to start.
