WSJ-Now is a Great Time to Buy a Second Home

I ran across this great article today in the Wall Street Journal about Second Homes, and why now is a great time to buy! The link to the entire article is at the bottom of the page. Here are a few of the more interesting quotes:

“The clouds hanging over upscale vacation-home markets are starting to lift.”

“While prices are still falling in most regions, the luxury segment is picking up, and brokers are reporting more inquiries than they have had in years.”

“Five years after housing’s peak, markets that once were out of sight even for well-heeled buyers are now in range.”
According to Douglas Duncan, chief economist at Fannie Mae,“At the top of the market, particularly luxury homes, prices have proven very elastic, and have sprung upward quickly,” he says.

“People have frugality fatigue,” says John Burns, president of John Burns Real Estate Consulting Inc. in Irvine, Calif.

My favorites were these from the recent buyers of Luxury Second Homes:
“The return on a quality-of-life aspect far exceeds any money I might have saved if I waited for prices to fall further.”

“At some point, you see such low interest rates and good prices and you don’t want to wait anymore.”

“My gut feeling is that we didn’t buy at the bottom, we bought one step from the bottom, and for us it was just a great time to buy a place we love.”

“I got the sense that prices were nearing the bottom….If we wanted a good deal on a fabulous home, we had to act quickly.”

The pictures on this page link to information and more pictures of some of my favorite second homes currently on the market at DeBordieu. For more information, contact mailto:TroiKaz@DeBordieu.com
call 843-455-4523,
or visit the website at www.DeBordieu.com.
CLICK HERE to read the entire WSJ article by Jessica Silver-Greenburg.

DeBordieu Colony is an oceanfront community located just south of Pawleys Island, South Carolina that features private golf and tennis, saltwater creek access to the ocean, a manned security gate, and luxury homes and villas surrounded by thousands of acres of wildlife and nature preserves.


There has never been a better time to consider a purchase at DeBordieu!

Sorry, comments are closed for this post.