Manhattan Beach, Venice homes as vacation rentals

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There’s more online interest from property owners in renting out their vacation homes in Southern California beach cities these days, according to a recent report from HomeAway.com.

Topping the list of markets with the greatest growth in home listings at the site in the first quarter of this year, compared with the first quarter of 2008, was New York City, followed by Manhattan Beach, Vancouver, Mammoth Lakes and Venice.

Meanwhile, travelers’ searches increased the most for Arlington, Va.; Watersound, Fla.; Colorado Springs, Colo.; Berkeley; and Beverly Hills. West Hollywood ranked 10th in the HomeAway Vacation Rental Marketplace Report.

Among the reasons owners reported for renting out their second homes was the need to generate income due to job loss, the inability to sell and the risk of foreclosure.

--Lauren Beale

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