The Second-Home Market Accounted for 4 out of 10 Home Sales in 2005

The last two years have been records for second home sales, according to the National Association of Realtors®. Many consumers today believe that housing a good investment with vacation homes making up 12% of all home sales.  Did you know that there are over six and a half million vacation homes in the United States?  Many of these homebuyers purchase vacation homes dependent on their lifestyle.  They want a “getaway” home or a peaceful retreat, and the last thing on their minds is renting it out to someone else.Once again, the baby boomers tend to make up the majority of second home buyers.  Because of this demand for these vacation homes, the demand for them is expected to stay strong for years to come.

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