Everyone, at one time or another, has dreamed of buying a vacation home. Whether it was just a temporary fantasy brought on by a particularly perfect trip or it was something more real, it's hard not to think about the joys of owning a place in your favorite town or getaway spot. But who's actually buying vacation homes and where are the most popular locations to have a house? Well, the National Association of Realtors collects that info each year as part of their Investment and Vacation Home Buyers Survey. This year's results show that, among vacation home buyers, the South is the most popular area to buy. In fact, a full 47 percent of vacation homes bought last year were purchased in the South. The West came in second with 25 percent. Also, beach houses outpace all others, with sales more than doubling the number of homes purchased in the mountains, at a lake, or in the country. And who's most likely to buy a vacation home? Not surprisingly, Lawrence Yun, NAR's chief economist, says older buyers. “Baby boomers at or near retirement continue to propel the demand for second homes, although headwinds softened the overall volume of vacation sales last year,” Yun said. In 2015, the median household income of a vacation home buyer was $103,700 and the property they purchased was a median distance of 200 miles away from their primary home. Emerald Isle, NC is a coastal town and it is a very popular place to own a home in NC as well as New Bern and Havelock. The later two locations are not right on the beach so the homes are at an even better price making a second home more affordable for many people.  These areas also have incentive programs in place and loan application programs in place as well as new homes being built that are in a moderate price range putting many homes in place for a second home. To see some of the homes being offered in these areas go to: http://www.firstcarolina.com/listings/ or join us on our social media at: https://www.facebook.com/fcrhavelock/ or at: https://twitter.com/EastRealtor. More here.

Vacation Homes In Emerald Isle, New Bern and Havelock