Mortgage Marketshare Module
- Accurately track commercial and residential lending, measure sales performance against competition and market activity, identify high-performing competitors, and locate and target emerging markets.
  
  LEARN MORE >>
Loan Originator Module
- Access the largest and most comprehensive mortgage loan origination database in New England with round-the-clock interactive access and weekly trend updates.
  
  LEARN MORE >>
Marketing Lists
- Gain access to the most accurate and detailed transaction information in the country and offers a range of marketing lists for more than 130 million households (covering 94% of the U.S. population).
  
  LEARN MORE >>
Custom Research
- Powered by one-of-a-kind real estate, mortgage, and loan origination data, The Warren Group provides custom solutions for your research projects, database expansion, and strategic planning.
  
  LEARN MORE >>
Real Estate Records Search
- Access the largest and most complete real estate database in New England, including sales, price trends, liens and foreclosures.
  
  LEARN MORE >>

Vacation Home Purchases On The Rise

Mar 30, 2011 | Reprints | Unlock Link | Print

Could it possibly be true that in 2010 more people shelled out for vacation homes than they did for a primary residence? The answer appears to be yes according to a recent survey from HomeAway Inc., a Texas-based vacation rental online marketplace.

Vacation home sales beat out both primary residences and investment properties last year, with more than 500,000 sold. Vacation homebuyers are jumping into the market because of low real estate prices, attractive mortgage rates and the potential for price appreciation, according to HomeAway. The median sales prices for vacation properties dropped 11.2 percent to $150,000 in 2010 from $169,000 in 2009.

Nearly three-quarters (70 percent) of these consumers also said their purchase was influenced by rental income, with 94 percent planning on renting out the property over the next year. They’re hoping the rental income will cover at least half of their mortgage. I hope for their sake that’s the case too.

Housing Scene