An Investment in Leisure Time Annual Study Reveals Nation's Most Expensive, Most Affordable Vacation Home Markets

Business Wire, June 7, 2000

(1)Properties that are listed in between the most expensive and most affordable columns indicate that only one market was researched in that area.

The Pricing Guide was compiled following a survey of hundreds of Coldwell Banker(R) brokers in resort-market areas. The information, compiled from the average prices of Coldwell Banker affiliates' listings, shows representative prices of low-, medium- and high-range properties purchased as second or vacation homes in select markets.

Coldwell Banker has long been a leader in niche property markets with more than 800 offices specifically designated as vacation and second home offices. Coldwell Banker has taken the lead to establish an easy method for consumers to conduct vacation property searches on the Internet via www.coldwellbanker.com as well as identify local resort offices on the Web site to aid in searching for Realtors that specialize in resort properties.

Another company initiative aimed at helping vacation property owners is the comprehensive guidebook "Road Map to Your Vacation Property Dream" written for Coldwell Banker by author Christopher Cain. This all-inclusive guide offers tips on choosing the right location, financing a vacation property, generating vacation rental income, keeping good records, interior design and decor for rental properties, time-share demographics, and more. "Road Map to Your Vacation Property Dream" is also available through www.coldwellbanker.com.

For 93 years, the Coldwell Banker(R) organization has been the premier provider of full-service real estate. Coldwell Banker Real Estate Corporation, a subsidiary of Cendant Corporation (NYSE: CD), has more than 3,000 independently owned and operated residential and commercial real estate offices with over 72,000 sales associates globally. The company is an industry leader in residential real estate, and in niche markets such as resort, new homes and luxury properties through its Previews(R) division. The company is a pioneer in consumer services with its Coldwell Banker Conciergesm program and award-winning web site, www.coldwellbanker.com that is part of the www.move.com network of relocation, real estate and home-related services. Coldwell Banker Commercial(R) is one of the largest commercial franchise operations with more than 400 affiliates offering clients comprehensive buying, selling, leasing, acquisition, disposition and management services.