CBS Evening Newscast: Retirees from Abroad
Here is a newscast about “Retirees from Abroad” who are interested in spending their years and money in the USA. ~ jmiller
To view the entire newsclip click here!
North American Markets: CBS Evening News
07/12/2009: 06:00 PM – 06:30 PM
00:20:12 TZ; Retirees from Abroad: A new visa would allow retirees from other countries to live out their lives in the states. V; Michael Smith, big house, pool. Michael Smith, a British retiree, had to start a business in order to retire in the US. V; Floors and Blinds van. I; Michael Smith, British retiree, said he just wants to go out, spend money, and tour the country. I; Smith said what is the logic, he is bringing money in, paying property taxes, and paying sales tax. I; Tony Macalusso, lobbying for silver card, said when you look at the people we bring in for political asylum as well as the tired and poor, we’ve done that well, but these people are not in that category. Hundreds of thousands of jobs could be created by allowing foreign retirees to retire in Florida. I; Macalusso said at first he fought arguments of security, but he’s never seen a terrorist over 55. No legislator has agreed to write a bill. Kelly Cobiella reporting. 00:22:50
Ideal Living’s Top Places To Retire
Below is an article pertaining to the resort and second-home market. It is derived from a survey of the Ideal Living Magazine readers who identified “Lifestyle” as a major motivator in buying a retirement home. What do you think about the results? ~ jmiller
Ideal Living’s Top Places To Retire
By leeh • Jul 7th, 2009
Taking a break from media doom and gloom, remember why you want a place in the south. Isn’t it time to re-ignite your passion and dream?
Based on our reader surveys, the “lifestyle” is most desired…
Active year-round outdoor activities, small-town flare with big city access, a sense of community, golf, boating, abundant walking trails and more. Read more
Shift in Global Investors in Florida
The Florida market, one of the hardest hit by the recession, is reporting an increase in sales for existing properties for the 8th consecutive month. The Florida Association of REALTORS® (FAR) reported that existing home sales increased by 18% compared to a year ago, and existing condo sales rose by 21%. While promising, the value of new properties has fallen as much as two-thirds from the 2007 price peak, making a quick recovery of the previously hot development market unlikely. Low prices and the large number of bank-owned distressed properties are attracting investors, including overseas buyers. While Florida has long attracted international buyers, FAR reports a shift of the source of those buyers with Canadians overtaking the British as the largest source of buyers. REALTORS® working with foreign buyers seeking retirement properties in Florida will be interested in an April ‘09 report from Florida Tax Watch. The report advocates for the introduction of a national retirement visa, but also outlines current visa options. Read a two-part article ( Part I / Part II ) article in FAR’s magazine on increasing exposure to global buyers.
Resort Course Offered in San Diego
How you define resort is your business…helping you succeed is ours!
Be one step closer to earning your RSPS certification by enrolling in the Resort and Second-Home Markets Course in San Diego, CA. This course will be held Wednesday, November 11, 2009 and Thursday, November 12, 2009 from 8:30am-5:00pm at the Hilton San Diego Bayfront prior to the 2009 REALTORS® Conference and Expo! The cost is $199.00 per student (this cost is for early bird registration you must register by October 16th – after October 16th cost will be $235.00.) Fill out the registration form below to enroll.
NAR Awards $730,000 to Support Workforce Housing Initiatives in Five States
This is exciting news for resort and second-home specialists. Affordable housing for workforce is a key issue in many resort areas. ~ jmiller
WASHINGTON (June 9, 2009) – The National Association of Realtors® has awarded $730,000 to five state Realtor® associations through the Ira Gribin Workforce Housing Grant. The grants will help support workforce housing initiatives in California, Idaho, Maine, Maryland and Washington.
Ira Gribin Workforce Housing Grants are awarded to state Realtor® associations to fund programs that promote safe, decent housing for people with low and moderate incomes who cannot afford to live in the communities where they work. The grants are named in honor of Ira Gribin, a former NAR president who was a tireless advocate for fair and affordable housing for diverse populations.
Sign-up for this FREE Webinar
NAR International is offering a free webinar to REALTORS®. The topic is A Bridge to the Fractional World for Real Estate Professionals and Developers, which might be of interest to resort and second-home specialists.
AP Analysis: Resort towns attracted high-earners
In 2007, the percentage of a county’s work force in the recreation and tourism sector became a predictor for high personal income, meaning tourist towns were becoming more wealthy, according to the AP analysis of the 100 counties with the highest per capita income.
I thought the paragraph above would reasonate with resort specialists. Please read on for the complete article. I am curious if REALTORS have found this assertion to be true. ~ jmiller
NEW Resort Symposium Website
Visit the newly launched 2010 Resort and Second-Home Symposium website! Get hotel information, see testimonials of past attendees and get updates and details about the upcoming program.
http://www.resortsymposium.com/
MSN Money picks the top 10 places to buy a second home
This article was released in 2003 but I was very interested in which areas made the top 10 list. I was hoping there might be comments about whether this list is accurate. -jmiller
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Looking for vacation property that’s a good investment as well? These communities offer weather, scenery and active real estate markets. Plus: 10 more up-and-comers.
Popularity is a mixed bag when you’re looking for vacation property.
A hot destination means more crowds, more traffic, longer lines. But if you’re keeping an eye on investment potential — and more than one out of three second-home buyers say they are — then you want to buy where others want to be.
New Requirements for the RSPS Certification
A NEW! path to earning the Resort and Second-Home Property Specialist (RSPS) Certification has been created. The RSPS Workgroup has decided to change the core course requirements. The RLI Tax Deferred (1031) Exchange course will no longer be a required course to complete the certification. Applicants must complete only one required course – The Resort and Second-Home Markets Course. This course is offered both online and in a classroom setting, please check course calendar for locations near you!
