REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OC TODAY-DISPATCH
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Real Estate
MAY 2024
INDEX OF ADVERTISERS
THE COASTAL REAL ESTATE RESOURCE Coastal Association of Realtors - OC Today-Dispatch
Published by OC Today-Dispatch for the Coastal Association of Realtors. Advertising in this publication is limited to members and affiliated members of the Association. The COASTAL ASSOCIATION OF REALTORS® (CAR) is a trade organization for real estate professionals in Wicomico, Worcester and Somerset Counties on the Eastern Shore of Maryland. Its membership consists of more than 1,000 REALTORs® and affiliate members serving the home-buying and homeselling needs of the public since 1957. The term REALTOR® is a registered collective membership mark, which may be used only by real estate professionals who are members of the NATIONAL ASSOCIATION OF REALTORS® and subscribe to its strict Code of Ethics. The COASTAL ASSOCIATION OF REALTORS is located at 314 Franklin Avenue, Suite 106 • Berlin, MD 21811. Phone: 410-641-4409. On the Web: www.coastalrealtor.org
Nanette Pavier/Holiday Real Estate, Inc ..............................................Page 2 Buckley Property Services, LLC ............................................................Page 3 Mechelle Nichols/BHHS/PenFed Realty..............................................Page 3 Sunshine Properties/Michael Ray ........................................................Page 4 CMG Home Loans .................................................................................Page 4 Anne-Marie Bouse/Re-Max Advantage Realty.....................................Page 5 Kevin Heselbach/Engel & Volkers Real Estate.....................................Page 5 Long & Foster Real Estate, Inc., Sales & Vacation Rentals ..................Page 5 Berkshire Hathaway Home Services PenFed Realty ............................Page 6
OC TODAY-DISPATCH is the leading newspaper publisher on the Maryland coast, with OC Today-Dispatch publishing weekly on Friday, Bayside Gazette and Ocean City Digest publishing on Thursdays and Real Estate, the Coastal Real Estate Resource publishing key weekends throughout the year. On the Web: www.oceancitytoday.com
Berkshire Hathaway Home Services PenFed Realty ............................Page 7
Editor ......................................................................... Stewart Dobson Executive Editor ................................................................ Steve Green Account Managers....................... Mary Cooper, Renée Kelly, Terri French Classifieds/Legals ........................................................... Taylor Sloan Art Director....................................................................... Cole Gibson Senior Page Designer ....................................................... Susan Parks Senior Ad Designer ............................................................ Kelly Brown Publisher..................................................................... Christine Brown Administrative Asistant.......................................................... Gini Tufts
Coastal Association of Realtors Thank You ........................................Page 10
Hileman Real Estate, Inc.......................................................................Page 8 MD Department of Housing & Community Development ...................Page 9
The Mortgage Link...............................................................................Page 10 Maryland Title Service .........................................................................Page 11 OCVacations.com/Resort Rentals, LLC ..............................................Page 12
410-723-6397 WWW.OCEANCITYTODAY.COM
Nanette Pavier
7700 Coastal Hwy., Ocean City, MD
410-289-8888
Your Delmarva Resort Specialist Licensed in Maryland & Delaware
Cell: 443-235-3498
Coastal Area Local Specialist
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MAY 2024
REAL ESTATE RESOURCE: COASTAL ASSOCIATION OF REALTORS /OC TODAY-DISPATCH
Some vacationers willing to go in debt to pay for trip Six in 10 people who don’t go on vacation say they can’t handle expense NEW YORK — With Memorial Day and the unofficial start of the summer travel season just a month away, more than a third of those planning to take a summer vacation this year say they will take on debt to fund their travels (36%), according to a new survey from Bankrate. That includes 26% who say they will pay with a credit card and carry the balance over multiple billing cycles, as well as buy now, pay later services (8%), borrowing from friends or family (6%), or a personal loan (5%). Credit cards are summer travelers’ preferred payment method, with 62% indicating that they will use a credit card to fund at least some of their trip expenses. Generationally speaking, millennials (ages 28-43) are more likely than any other generation to incur credit card debt from their summer travels (30%). In comparison, 1 in 4 (25% each) of both Gen Zers (ages 18-27) and Gen Xers (ages 44-59) say they will do so, while only 21% of baby
boomers (ages 60-78) are planning to take on debt for their summer travel. “I don’t want to tell people they can’t have any fun, but I do worry about taking on debt for discretionary purchases such as vacations, especially with credit card balances and rates at record highs,” said Bankrate Senior Industry Analyst Ted Rossman. “There are plenty of ways to have fun this summer without busting your budget. For example, there’s still time to accumulate a summer vacation fund by setting money aside from every paycheck.” Just over half of U.S. adults (53%) plan to take a summer vacation this year. This includes 36% who plan to travel domestically, 15% who are planning an international trip, and 12% who are opting for a staycation (i.e. a home-based vacation), while 18% don’t know or are not sure of their plans yet. For those who have firmly decided not to take a summer vacation this year, the top explanation is that they cannot afford it (65%). Other reasons include health or age (13%), too much of a hassle (11%), not being able to take time off work (10%), too many family obligations (10%), or they are Continued on Page 4
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