The combined total of vacation- and investment-home sales declined with the overall market in 2007, but still accounted for 33 percent of all existing- and new-home sales, which is close to historic norms, according to the NATIONAL ASSOCIATION OF REALTORS® (NAR). The market share of homes purchased for investment last year was 21 percent, which only dropped 1 percent compared to 2006, while the market share of vacation homes was 12 percent in 2007, compared to 14 percent in 2006
This entry was posted in Seashore Real Estate. Bookmark the permalink. Both comments and trackbacks are currently closed.
Second Home Sales
From National Association of Realtors:
Second-Homes Accounted
For One-Third of
Transactions in 2007
The combined total of vacation- and investment-home sales declined with the overall market in 2007, but still accounted for 33 percent of all existing- and new-home sales, which is close to historic norms, according to the NATIONAL ASSOCIATION OF REALTORS® (NAR). The market share of homes purchased for investment last year was 21 percent, which only dropped 1 percent compared to 2006, while the market share of vacation homes was 12 percent in 2007, compared to 14 percent in 2006