Investment and Vacation Home Sales Soared in 2011

Investment home sales soured in 2011 over 2010 by 64.5% based on the National Association of Realtor’s (NAR) 2012 Investment and Vacation Home Buyers Survey. Purchases of vacation homes in 2011 rose 7% over 2010 sales. “Nearly half of investment purchases were for cash as were 42 percent of vacation sales. Distressed properties constituted half of all investment home purchases and 39 percent of vacation home sales.” http://bit.ly/H7i9CO

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