Beach Homes Top Choice for Vacation Home Buyers Announces EscapeHomes.com; EscapeHomes.com Releases the ''Top 10 Second Home Destinations You Can Dive Into''.Business Editors/Real Estate Writers SAN FRANCISCO--(BUSINESS WIRE)--April 28, 2004 The beach is America's favorite vacation destination and is by far the top choice when it comes to selecting a second home location. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a recent survey conducted by EscapeHomes.com, the leading online marketplace for vacation properties Vacation property is a niche in the real estate market dealing with residences used for holiday vacations (eg. beach house). The rapid development of the Internet and technologies such as telephony and personal digital assistants that allow people to work from home since circa 1995 , second home buyers rate the beach as the number one recreational activity they are seeking in second home destinations. Golfing, lake activities, hiking hiking Walking, often among hills or mountains, as recreational sport. It represents an activity in its own right and also figures in backpacking, camping, hunting, mountaineering, and orienteering. , and fishing round out the other top five interest categories. "Because recreational interests are the number one influence on where and why people buy second homes, we have designed EscapeHomes.com to allow people to search for property not only by price and location, but, more importantly, by interest categories," said David Hehman, EscapeHomes.com's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . Mr. Hehman noted that only after people have decided which second home destinations support their recreational interests do they put on their 'investor hat' and begin weighing financial issues such as rental income Noun 1. rental income - income received from rental properties income - the financial gain (earned or unearned) accruing over a given period of time histories and taxes. It's clear why the most popular second home destinations are located in coastal communities. These areas have pleasant weather, which supports a wide variety of recreational activities, a strong vacation rental Vacation rental is a term in the travel industry meaning renting out a furnished apartment or house on a temporary basis to tourists as an alternative to a hotel. Vacation rentals are becoming increasingly popular in Europe (especially in the UK) as well as in Canada. market to create a supplemental income source, and are in limited supply, making them good long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. investments. Using these criteria, EscapeHomes.com created its list of the "Top 10 Second Home Destinations You Can Dive Into": Cape Cod, Massachusetts Cape May, New Jersey Fort Myers, Florida Galveston Island, Texas Gulf Shores, Alabama Hamptons, New York Maui, Hawaii Myrtle Beach, South Carolina Outer Banks, North Carolina San Diego, California The final word of advice for second home buyers: beach property prices vary widely. Take time to do your research at EscapeHomes.com. You'll be glad you did. About EscapeHomes.com: EscapeHomes.com is the leading online marketplace for vacation properties. EscapeHomes.com makes searching for second homes and agents easier by bringing remote vacation properties closer to home via the Internet, creating an efficient, effective, and exciting search. |
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