Vacation rental site HomeAway has expanded its business with the launch of a real estate marketplace, the site announced recently.

HomeAway Real Estate targets buyers interested in buying a second home and renting it out. The online marketplace currently has more than 238,000 vacation homes worldwide for sale. Each listing shows the monthly rental activity of a property and a monthly payment calculator that takes into account rental income.

"HomeAway Real Estate helps sellers maximize the sale price of their second homes, buyers find the best vacation home for their needs, and real estate agents do more business thanks to highly qualified leads," said Brian Sharples, HomeAway’s CEO, in a statement.

A recent report by the National Association of Realtors found that vacation home sales rose nearly 8 percent last year. HomeAway is based in Austin, Texas, and has nine other offices worldwide.


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