Hit the slopes
David Hehman knows a few things about the second home market. Hehman is CEO of San Francisco–based EscapeHomes.com, a Web site that connects people interested in buying and selling their second homes with real estate agents who can do it for them. While some attention has been focused on the woes of the U.S. housing market and an overall softening of the real estate market, few of those problems have migrated to the second home industry, according to Hehman.
“Historically, if the primary market was slow, the second home market would be even slower. We’re not seeing that today,” he says. “I think largely that’s because supply at an aggregate level is still strained. There are certain destinations where you just can’t build more, like Nantucket.”