The National Association of Realtors (NAR) just released the results of their annual “Investment and Vacation Home Buyer Survey” which revealed that sales of investment and vacation homes rose to the highest level since 2005 last year. Investment home sales surged 64.5% to 1.23 million units last year and vacation home sales rose 7.0% to 502,000 units accounting for 11% of all transactions, up from 10% in 2011. It's a relatively safe bet that the second/vacation home market segment will lead the housing recovery as the ubiquitous Baby Boomer generation continues to control 70% of American household weath. Click here for a thought provoking perspective on "The Second Home Buyer" from an industry leader.
Comments(0)