My Second Home

Second Homes and Tough Markets

January 11, 2009

The reality of our economic situation has finally caught up to the second home market.

So does that mean you shouldn’t consider a second home in 2009? If you have a second home in the mountains, and want to sell it, is now the time?

Everyone is acutely aware of the challenges looming in the primary home market. However, second homes do not mirror the total real estate market. “While the overall housing market peaked in 2005, the market for vacation homes didn’t peak until 2006,” says Walter Molony, a spokesman for the National Association of Realtors in Washington.

Newer Aspen development delivers lodging at its finest

With demand for new lodging and fractional real estate hotter than ever, booming Aspen development delivers a crop of both new and renovated hotels, fractional residences and condos beginning. Offering different degrees of opulence and amenities, myriad properties give visitors and potential buyers luxurious new spots to savor the Aspen experience.