Showing posts with label vacation. Show all posts
Showing posts with label vacation. Show all posts

Friday, September 15, 2017

Discover Even More Magic This Holiday Season at Walt Disney World Resort

Wednesday, June 10, 2015

It's Vacation Season! Where Travelers Want to Go this Summer

Memorial Day officially kicked off the summer season, and many travelers are looking forward to their next vacation. Travel companies have an insider's view of where customers are looking to go, which often reveals interesting trends.
RCI, the worldwide leader in vacation exchange, looked at search data from RCI® subscribing members planning a vacation from Memorial Day to Labor Day 2015 to get a big picture view of where travelers are hoping to visit this summer.
When searching by destination, the top searched locations were:
  1. Playa del Carmen and Riviera Maya areas of Mexico (9.1 percent)
  2. Florida's Southern Atlantic coast (7.7 percent)
  3. Tenerife, Spain (7.2 percent)
  4. Cancun, Mexico (5.5 percent)
  5. Myrtle Beach area of South Carolina (5.4 percent)
When searching by specific city, the top searched locations were:
  1. Orlando, Florida (14.8 percent)
  2. Kissimmee, Florida (11.3 percent)
  3. Malaga, Spain (4.5 percent)
  4. Punta Cana, Dominican Republic (4.2 percent)
  5. Williamsburg, Virginia (3.8 percent)

Thursday, April 2, 2015

Vacation Home Sales Soar to Record High in 2014, Investment Purchases Fall

Vacation home sales boomed in 2014 to above their most recent peak level in 2006, while investment purchases fell for the fourth straight year, according to an annual survey of residential homebuyers released today by the National Association of Realtors®.
NAR's 2015 Investment and Vacation Home Buyers Survey,* covering existing- and new-home transactions in 2014, shows vacation-home sales catapulted to an estimated 1.13 million last year, the highest amount since NAR began the survey in 2003. Vacation sales were up 57.4 percent from 717,000 in 2013.
Investment-home sales in 2014 decreased 7.4 percent to an estimated 1.02 million in 2014 from 1.10 million in 2013. Owner-occupied purchases fell 12.8 percent to 3.23 million last year from 3.70 million in 2013. The sales estimates are based on responses from nearly 2,000 U.S. adults who purchased a residential property in 2014, and exclude institutional investment activity.
Lawrence Yun, NAR chief economist, says vacation sales in 2014 showed astonishing growth, nearly doubling the combined total of the previous two years. "Affluent households have greatly benefited from strong growth in the stock market in recent years, and the steady rise in home prices has likely given them reassurance that real estate remains an attractive long-term investment," he said. "Furthermore, last year's impressive increase also reflects long-term growth in the numbers of baby boomers moving closer to retirement and buying second homes to convert into their primary home in a few years."  
Vacation-home sales accounted for 21 percent of all transactions in 2014, their highest market share since the survey was first conducted. The portion of investment sales fell to 19 percent (20 percent in 2013); owner-occupied purchases declined to 60 percent (67 percent in 2013).  
"Despite strong rental demand in many markets, investment property sales have declined four consecutive years to their lowest share since 2010 as rising home prices and fewer distressed properties coming onto the market have further reduced the number of bargains available to turn into profitable rentals," says Yun. 
The median sales price of both vacation and investment homes declined in 2014. The median vacation home price was $150,000, down 11.1 percent from $168,700 in 2013. The median investment-home sales price was $125,000, down 3.8 percent from $130,000a year ago.  
According to Yun, the decrease in vacation and investment sales prices is likely due to the increase in vacation and investment buyers purchasing condos and townhouses, which contributed to a decline in the median size of 200 square feet for both. Additionally, the rise in vacation buyers purchasing distressed properties and buying in the South, where home prices are often lower, contributed to the overall decline in the sales price of vacation homes.
The share of vacation buyers who paid in cash fell to 30 percent from 38 percent in 2013. Investment buyers who paid in cash decreased to 41 percent from 46 percent a year ago. Of buyers who financed their purchase with a mortgage, nearly half (48 percent) of vacation buyers and 41 percent of investment buyers financed less than 70 percent of the purchase price.
Forty-five percent of vacation homes and 44 percent of investment homes purchased in 2014 were distressed properties – either a home in foreclosure or a short sale. In 2013, 42 percent of vacation homes and 47 percent of investment home purchases were distressed.
Characteristics of Vacation-Home Purchases
The typical vacation-home buyer in 2014 had a higher median household income ($94,380) than those in 2013 ($85,600) and purchased a property that was further away (median distance of 200 miles) than a year ago (180 miles). Buyers plan to own their property for a median of 6 years, unchanged from 2013.
Although a majority (54 percent) of vacation buyers bought a single-family home, the share of those buying a condo (27 percent) or a townhouse or row house (18 percent) increased from a year ago. Forty-percent of vacation buyers purchased in a beach area, 19 percent purchased in the country and 17 percent purchased a vacation home in the mountains.
One-third of vacation buyers plan to use their property for vacations or as a family retreat, 19 percent plan to convert their vacation home into their primary residence in the future, and 13 percent bought for potential price appreciation; the same share purchased because of low real estate prices and because the buyer found a good deal.
Forty-six percent of vacation homes purchased last year were in the South (41 percent in 2013), 25 percent in the West (28 percent in 2013), 15 percent in the Northeast (18 percent in 2013) and 14 percent in the Midwest (unchanged from a year ago).
NAR released a study in late-2014 that identified the top housing markets likely to see a boost in home sales to leading-edge baby boomers1. The findings revealed that metro areas – including many in the South and Southwest – with a lower cost of living and sunnier weather are poised to see an increased number of baby boomers moving in and buying a home in coming years.
Characteristics of Investment-Home Purchases
Investment-home buyers in 2014 had a median household income of $87,680 ($111,400 in 2013) and typically bought a detached single-family home (61 percent) that was a median distance of 24 miles from their primary residence (20 miles in 2013).
Thirty-seven percent of investment buyers last year purchased a property in the South, 26 percent in the West, 20 percent in the Midwest and 17 percent in the Northeast. Investors were most likely (32 percent) to buy in a suburban area, followed by an urban or central city (26 percent), rural area (21 percent) and small town (16 percent). Five percent of investment buyers bought in a resort area. 
Investment buyers purchased property for a variety of reasons, including for rental income (37 percent), because of low prices and the buyer found a good deal (17 percent) and for potential price appreciation (15 percent). Overall, investment buyers plan to hold onto the property for a median of five years (unchanged from a year ago), and a majority (68 percent) are very or somewhat likely to buy another investment property in the next two years.  
The bulk of investment buyers (86 percent) and vacation buyers (85 percent) reported that now is a good time to purchase real estate.
NAR's 2015 Investment and Vacation Home Buyers Survey, conducted in March 2015, surveyed a sample of adults that had purchased any type of residential real estate during 2014. The survey sample was drawn from a representative panel of U.S. adults monitored and maintained by an established survey research firm. A total of 1,971 qualified adults responded to the survey. Consumers were sampled to meet age and income quotas representative of all home buyers drawn from NAR's 2014 Profile of Home Buyers and Sellers.
The 2015 Investment and Vacation Home Buyers Survey can be ordered by calling 800-874-6500, or online atwww.realtor.org/prodser.nsf/Research. The report is free to NAR members and accredited media and costs $149.95 for non-members.
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
*Vacation homes are recreational property purchased primarily for the buyer's (or their family's) personal use, while investment homes are residential property purchased primarily to rent to others, or to hold for other financial or investment purposes.
Home sales were calculated based on a proportion of buyers who bought each respective home type—vacation, investment, and primary residence. The number of purchases for each housing type were calculated using the total number of existing home sales and new homes in 2014. To calculate the difference in the number of purchases in 2013 to 2014, the percent change of each housing type purchased was calculated.
1Baby boomers are generally categorized as those born in the U.S. between 1946 and 1964. NAR's research analyzed leading-edge baby boomers (ages 60-69).  

Friday, July 18, 2014

Four Ways to Keep Homes Safer and More Energy Efficient While Owners Are on Vacation

Energy Education Council provides practical tips to cut electrical costs this summer

SPRINGFIELD, Ill., July 17, 2014 /PRNewswire/ -- Summer months are a popular time for many families to take a vacation. If you plan on spending time away from your home yet this summer, remember to prepare it for your absence. With the proper preparations you can cut electrical costs and keep your home and electronics safe while you are away.
"We want people to enjoy their vacations and keep their homes as safe and efficient as possible when they are away," said Molly Hall, executive director of the Energy Education Council and its Safe Electricity program.
The Council offers tips to help you prepare your home for vacation:
  • Change thermostat settings before you leave. When temperatures are warm outside, it is unnecessary to keep your home as cool as you normally would since you will not be in it. Turn the thermostat up to a warmer temperature or turn it off entirely. If you have a programmable thermostat, you can adjust it to cool down the house just in time for your return home.
  • Unplug appliances and electronics. You will not use your computer, television, or toaster while you are away, but they will use continue to use energy and waste money if you do not unplug them. Even when appliances are turned off, many of them go into standby mode and continue to draw power. Unplug appliances and electronics to prevent phantom power draw. This also protects your electronics if there is a power surge in your absence.
  • Adjust the water heater. The water heater can account for 15 to 25 percent of the average energy bill. Water heaters continue to use energy to keep the stored water warm. Since you are not using this water while on vacation, either adjust the water heater temperature to the lowest setting, or turn it off if you will be gone for more than three days.
  • If you plan on leaving lights on to deter burglars, put the lights on a timer. You can save money by not having lights on constantly and make it appear that people are home by varying the times the lights are on.
There are other ways to make your home more efficient throughout the summer, not just while on vacation:
  • Clean your air conditioning unit. Blocked or dirty air filters and coils can reduce your system's ability to push and pull air through vents, so make sure to wash or replace filters. Also remove debris from around the outside unit.
  • For inside lighting, use CFL or LED bulbs. Not only do they save energy, but they also give off less heat than regular incandescent bulbs, keeping your home cooler.
  • Make sure all air leaks are sealed. Inspect caulking around windows, doors, and any openings into the home. Weather stripping and caulking will help maintain your home's temperature.
  • Close your drapes or curtains during sunny or hot days. This helps prevent the summer sun from warming up your home through the windows.
  • Clean off ceiling fans, and make sure they are circulating air in the correct direction for the season. During warm months, ceiling fans should operate in a counter-clockwise direction. This creates a cooling effect at less cost than air conditioning. For more tips on keeping your home safe and efficient year-round, visit http://EnergyEdCouncil.org/.

Thursday, June 5, 2014

Beware Of Summer Vacation Rental Scams

AARP Fraud Watch Network Alerts Consumers: Don't let your Summer Turn into a Nightmare


CHICAGO -- Americans planning their summer vacations need to be aware of con artists who use the Internet to lure consumers into summer rental scams. Con artists use the Internet to post fake rental opportunities for beach houses or mountain cabins only to steal money from unsuspecting consumers who wire money for security deposits. AARP's Fraud Watch Network is constantly receiving information about ongoing online frauds and alerting consumers through useful tips designed to protect their money.
"The last thing you want to hear is that the dream beach house or mountain cabin you rented for you and your family doesn't even exist, especially after you have already paid for the rent or the security deposit," said AARP Illinois State Director Bob Gallo. "You've worked hard all year –you deserve to spend a fun, relaxing vacation with your loved ones away from home. AARP's Fraud Watch Network is giving you some tools that will help you protect your money and enjoy your vacation."
Recognize the signs
  • Fake ads – Con artists will lift a legitimate ad from Craigslist or another website, attract attention by adding a bargain-basement rental price, include a fake email address, and then ask prospective renters to wire money or send a prepaid debit card for a security deposit.
  • The reel-in – With budget rates attached to a too-good-to-be-true listing, scammers try to get your money before you find out the property just doesn't exist.
  • Too good to be true – In more advanced scams, scammers create entire websites highlighting a variety of rental properties around the world at attractive prices. The sites come complete with detailed photos and descriptions of the properties, information on local attractions, renter testimonials, and even currency exchange calculators.
Protect yourself
  • Use a reputable website, travel agency, or online broker to find your rental.
  • Do your research: check that the person offering the rental is the actual owner, and verify that the address is real. You can use Google image search to see if the photos in the listing match the reality, and search for the actual address.
  • Never wire money. Paying with PayPal or a credit card can offer some extra security.
  • Beware of below-market rental offers. Con artists go after consumers tempted to quickly take advantage of a "great deal."
  • Be wary when a property owner claims to be outside of the U.S.
  • Try to get referrals from friends who might have some vacation properties they can recommend and are familiar with.
  • Never respond to emails coffering vacation rentals to avoid common phishing schemes.
If you've been scammed, notify local law enforcement and your Attorney General. Go here to find out where to report fraud and be sure to warn others by telling your story on our Fraud Watch map.
If you or someone you know has been a victim of identity theft or fraud, contact the AARP Foundation Fraud Fighter Center at 877-908-3360.
You can also sign up to AARP's Fraud Watch Network and receive alerts about cons and scams going on in your own state. For additional information and resources, follow Terri Worman's and Sid Kirchheimer's AARP blogs on frauds, scams, and consumer protections.

Saturday, April 5, 2014

From the Best Museums to the Top Theme Parks, FamilyFun Announces Winners of Annual Travel Awards

Disney's Magic Kingdom takes #1 overall spot; Educational museums and historical sites among family favorites

NEW YORK 
-- FamilyFun magazine announced today the winners of the 2014 FamilyFun Travel Awards, an annual search for the best kid-friendly locations and vacation spots as chosen by real families from across the country. For the second year in a row, U.S. family travel destinations were ranked in a variety of categories, including kid-friendly cities, zoos and aquariums, and theme parks. All of the winners will be featured in the April issue of FamilyFun, including the top 12 overall winners, which represent the highest-scoring destinations from each category.
"This year's travel award winners offer worlds of discovery and adventure for families across the map," said Ann Hallock, Editor-in-chief, FamilyFun magazine. "Family vacations are all about having fun, and while many of the families in our survey seek that out through attractions like theme parks and zoos, it's clear that families are also looking for learning and outdoor experiences."
Orlando, Florida, swept this year's family travel destinations, with Disney's Magic Kingdom Park, Universal's Islands of Adventure, and the City of Orlando taking the top three overall spots. The Strong Museum, located in Rochester, New York, and Mount Rushmore National Memorial, in South Dakota, round out the top five Travel Awards winners of 2014. Museums, historic sites, and national parks and preserves also had a strong presence in the awards, with the top five in each category listed below:
Top 5 Family Museums
  1. The Strong Museum (NY)
  2. Museum of Science and Industry, Chicago (IL)
  3. The Children's Museum of Indianapolis (IN)
  4. American Museum of Natural History (NY)
  5. Smithsonian National Museum of Natural History (DC)
Top 5 Historic Sites
  1. Mount Rushmore National Memorial (SD)
  2. National Mall and Memorial Parks (DC)
  3. The White House (DC)
  4. Lincoln Home National Historic Site (IL)
  5. World War II Valor in the Pacific National Monument (includes Pearl Harbor Visitors' Center and 8 other sites in 3 states) (HI, AK, CA)
Top 5 National Parks and Preserves
  1. Great Smoky Mountains National Park (NC, TN)
  2. Yellowstone National Park (WY, MT, ID)
  3. Mammoth Cave National Park (KY)
  4. Yosemite National Park (CA)
  5. Boundary Waters Canoe Area Wilderness (MN)
Additional categories include kid-friendly cities, zoos and aquariums, and theme parks. To view the full list of FamilyFun Travel Awards winners for 2014, check out the April issue of FamilyFun magazine in print or on the iPad, or visit familyfunmag.com.