Real Estate Round Up 10/10/2019

Rising Financial Wealth Boosts Demand for Vacation Homes
Quinton Simmons, NAR

According to the NAR report, the top 26 vacation home counties – the counties with the largest percentages of vacant seasonal, recreational, or occasional use housing units – include those with nationally-known sites, as well as local destinations. 

Bidding wars are taking a strange turn in the fall housing market
Diana Olick, cnbc.com

Part of the reason for that is that the spring season was unusually slow, so there was no great height from which to decline.

 

Midwest Markets Show Momentum
realtor.com

Thirteen of the 20 metros that made the list for September have a lower median listing price than the national average. The top five metros have median list prices that average 32% less than the U.S. average.