From HousingWire:
Pacaso’s top markets for luxury vacation homes are in New Jersey and Florida
Despite rising home prices and mortgage rates, second-home investors overtook a select group of vacation real estate markets. This week, online marketplace Pacaso highlighted counties in New Jersey, Florida and Massachusetts as leading markets for sales of luxury vacation homes.
Pacaso’s report revealed the top 20 counties for luxury home sales across the U.S. Counties are ranked by an index score, which was determined by the share of second-home sales to primary home sales in 2023 and 2024. The list excludes counties with less than 50 mortgage rate locks for second homes. All counties on the list have average prices above $700,000 — with further growth anticipated.
The No. 1 market is Cape May County, New Jersey. It is followed by Gulf County, Florida; Walton County, Florida; Barnstable County, Massachusetts; and Collier County, Florida.
“The destinations on this year’s list really capture the breadth of the luxury vacation home market,” Austin Allison, CEO and co-founder of Pacaso, said in a statement. “Legacy destinations remain as timeless as ever, Florida’s panhandle is solidifying its status as a favorite for vacationers, and Manhattan is resurging as a place where buyers are doubling down on second-home investments.
“These aren’t just weekend getaways anymore — they’re lifestyle investments for people looking to create endless cherished memories with friends and family.”
Allison went on to note that mortgage rates are beginning to ease, purchase mortgage applications have reached their highest levels since January and growing inventory is helping to drive more transactions.
Friskies
Segundo
Stone Harbor? Avalon? Tell the Philthy fans to stay in Philthadefia, they’re not welcome. :o Speaking of the shore, I was in Seaside Heights this past weekend and all the old motels are being razed and replaced with high end condos. I understand the ‘Park’ received approval to rebuild the pier that was destroyed by the fire but the permanent locals don’t want it… noise, congestion, etc. Well, the town obviously sees the 3-month revenue it can generate and… you do the math.
Allison went on to note that mortgage rates are beginning to ease, purchase mortgage applications have reached their highest levels since January and growing inventory is helping to drive more transactions.
If you started at zero and increased to 0.2, it’s technically true but let’s be honest, mortgage rates and inventory levels are the same now as a year ago and will be the same a year from now. So, your “endless cherished memories” will be “endless cherished dreams” for 99% of the muppets.
Seaside has gotten nicer over the years. I usually go once a year.
I love the shore, but would rather spend the money and a couple of weeks in Cascais.
Seaside has gotten nicer over the years. I usually go once a year.
I haven’t done anything in the Heights or Park for a number of years, now. I had relatives that had a house in the ‘Park’ and sold a year ago. We used to be there a lot but day trips usually occur in Island Beach State Park or the Avon area.
We find the Cape May to Atlantic City beaches much more family friendly. Basically, the further away you get from Staten Island, the less of the D’Jais crowd you will encounter. The Ocean City and Wildwood boardwalks are quite and their mini amusement parks and the beaches are huge there so you are never crowded in and forced to listen to terrible music all day. We often go to the beach in Atlantic City up at the north end by the inlet. It’s clean, desolate, free, easy cheap or free parking and if you can get a free room at Ocean, really convenient. Excellent showers and foot washers to get the sand off before returning to the car too.
Basically, the further away you get from Staten Island…
C’mon… Nicky, Marie and the kids are there, Valentina and Paulie. Whatsa matta wit you? Fugheddaboudit.
Lots of racists down in Cape May. I personally know of a few.
“Tesla (NASDAQ:TSLA) stock is on fire again. After smashing through all-time highs to $480 at the time of writing, the EV giant is now up nearly 170% in the past six months. The surge has added nearly $700 billion in market cap and has analysts racing to raise their price targets. Mizuho analyst Vijay Rakesh upgraded Tesla to “Buy” and bumped his target to $515a cool 11% higher than current levelson expectations that Tesla’s self-driving robotaxi rollout in 2025 and growing energy storage business will drive the next wave of growth. Wedbush’s Dan Ives backs that view, also pegging Tesla at $515, with an ultra-bullish scenario of $650 if growth fires on all cylinders.”
Here’s megapack –> https://www.tesla.com/megapack
Check out the pictures of the areas that are installed already. This guy just keeps pushing forward with stuff. The left should love him but Musk doesn’t speak symbolism so, enjoy your milk, cookies and crayons, I guess.
Musk bought an awful lot of favor. MAGA just as corrupt as the Left, but it comes with lots of rights restrictions for non-white males.
Where did I mention politics above? And what’s the ROI and ROR on the so-called favor in jobs, revenue and taxes generated? As if 10,000 other companies didn’t “buy” favor? As opposed to creating six charging stations for $1 billion dollars at the hands of the painfully inefficient public sector?
I’m contemplating a new handle, tell me what you think.
So Tara defected to Moscow, the second is garbage, and Smirnov took a plea deal, so maybe the new handle should be “But her Emails ….”
https://apnews.com/article/hunter-biden-fbi-informant-alexander-smirnov-434165aaea90a82e4c24566a1d2b78d5
Honestly, Musk rigged the election for Trump.
rigged the election? How so?
BRT – it’s common knowledge Musk hacked the voting machines using his Starlink network of Satellites. I agree with Olbermann, Musk should be arrested by the military and held at Gitmo. He is Dr. Evil..
Actually, the drones around the tri-state area are Musk’s, ordered by Trump to perform surveillance and nefarious acts when the time is right.
Key Point: “The Trump transition team wants the incoming administration to drop a car-crash reporting requirement opposed by Elon Musk’s Tesla, according to a document seen by Reuters, a move that could cripple the government’s ability to investigate and regulate the safety of vehicles with automated-driving systems.”
Then there’s Morningstar’s analyst take…
“One part of Ives’ bull case on Tesla is strong demand expected from China, which could be at risk if Trump’s proposed tariffs on imports from China spark a trade war.
But Ives expects any tariffs will have some “carve outs” for Tesla. It helps that a Kelley Blue Book report on Monday cited research from American University showing that Tesla made the “most American” cars.”
Not bad for $118 million.
Trump is a cheap whore. That could be your new moniker Gary.
Of course, there’s the conflict of interest for any changes Musk makes on the DOGE that benefits SpaceX and Tesla, where Musk will most certainly not be punished. It’s no wonder everyone wants to kiss the Trump ring. You could just about be a mass murderer and with one kiss, you turn into into a prince. But nothing to see here. Trump/MAGA can do no wrong.
In college they called Elon “3 long” due to the tiny size of his pejis.
But Ives expects any tariffs will have some “carve outs” for Tesla.
Listen, Musk rigged the election for Trump so the kickback needs to happen bigly!
Who goes higher – Juice or Fast Eddie?
It must be glorious high up the an6l hole that Fast Eddie’s tongue goes up. The billionaires are tickled with joy.
In other news away from graphic @arselicking, Honda and Nissan are discussing a potential merger. Interesting merger if it happens, overlap , but also different cultures.
Thank god there is Tesla for all the Asians who cannot decide between a Honda or a Nissan
How bout that post election Trump slump in the market.