What does it take to buy a second home? How does today’s real estate market impact the vacation home market?

In today’s Real Estate Podcast, from the National Association of REALTORS, NAR Chief Economist Lawrence Yun discusses the decline in existing-home sales and the rise in median home sales prices and what it means for home buyers and sellers. REALTOR® Sindy Ready from Scottsdale, Arizona discusses what it takes to find opportunities for home buyers looking to get a second home in a balanced real estate market. REALTOR® 

Beth Foley from West Michigan discusses how higher interest rates for mortgages are impacting the second home market and the purchase of short-term rentals. Also, she talks about how legislation impacts buyers’ plans to run an Airbnb, Vrbo or HomeAway property. And Melissa Dittmann Tracey shares whether cane webbing and see-through glass kitchen cabinets are hot or not.

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