NEWS
RELEASES NAR’s 2013 Investment and Vacation Home Buyers Survey,*
covering transactions in 2012, shows vacation-home sales rose 10.1 percent
Owner-occupied purchases jumped 17.4 percent.
Seventy-eight percent of all second-home buyers said it
was a good time to buy, this suggests that second-home buyers tend to be a step
ahead of general buyers in sensing a market recovery.”
80 percent Vacation Home Buyers listed want to use the
property for vacations or as a family retreat, 23 percent plan to rent to others
and 23 percent wanted to diversify their investments or saw a good investment
opportunity.
*Vacation homes are recreational property purchased
primarily for the buyer’s (or their family’s) personal use, while investment
homes are residential property purchased primarily to rent to others, or to hold
for other financial or investment purposes.
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