If you are aware of what's happening in the financial world, you're probably looking for a place to position assets given the extreme volatility of U.S. equity markets and paltry returns of money market instruments.

Long-term demand for second homes in Coeur d'Alene and the surrounding areas looks strong, as there are large numbers of people in the prime age for second/vacation homes. Late Boomers are roughly 40 million of these potential second-home buyers, and another 85 million between the ages of 30 and 49. For anyone who loves Coeur d'Alene, second homes suitable for play now and retirement later have significant appeal.

U.S. vacation-home sales rose 8% last year to 553,000, according to the National Association of Realtors. Though well below a 2006 peak of 1.067 Million, it represents the first gain in three years. 

What makes a second home location ideal? The natural wonder of Lake Coeur d'Alene is paramount, but don’t forget about lifestyle choices within the town when deciding on a second home. Do you want to be near a golf course, on the waterfront of Lake Coeur d'Alene, the Spokane River just minutes to town, or is acreage with a large lodge on your list?

Several other factors that make Coeur d'Alene the ideal place for your second home are the low altitudes with a mountain setting, incredible healthcare, location to Spokane International Airport and the relatively low real estate prices compared to other parts of the country. Also, the historically low interest rates are a huge incentive.

Call a Black Rock Properties agent today at 208.699.7249.