vacation properties decline: Second Home Sales Decline - Massachusetts Blog - 04/01/09 03:26 PM
Although the sales of single family homes in Massachusetts have picked up recently, one category of the market continues to suffer - vacation homes and investment properties. 
Sales of vacation and investment homes plunged to 30 percent of all transactions in 2008 according the National Association of Realtors this week. 
The market share of homes purchased for investment was 21% last year, unchanged from 2007 while another 9% were vacation homes, compared with a 12% market share in 2007. 
Tighter lending standards and a struggling economy are factors that are being blamed. It is not unexpected that vacation home sales would … (2 comments)