Rising Net Worth and Low Interest Rates Bode Well for Future Eagle County Second Home Sales

Sellers and Buyers in the Vail Valley should be very happy with the recent vacation and second home report from the National Association of Realtors.  They identified Eagle County as one of the best areas for second home purchases.  And that the increase in household net worth and low interest rates will fuel sales in Vail and Beaver Creek as well as the rest of the Vail Valley for years to come.  Here is a quote from NAR’s Chief Economist.

“As of 2018, household net worth was at an all-
time high of $100.3 trillion—and that is nearly

double the level in 2008 when wealth was cut
during the recession. Some of this tremendous
build-up in wealth, although concentrated, has
been channeled to increased demand for
vacation homes.”
— Lawrence Yun, Senior Vice President, Research
and NAR Chief Economist