Real Estate News

Investment/Vacation Home Sales at Highest Level Since 2005


Investment/Vacation Home Sales at Highest Level Since 2005

Sales of investment and vacation homes jumped in 2011, with the combined market share rising to the highest level since 2005, according to the National Association of Realtors. NAR’s 2012 Investment and Vacation Home Buyers Survey, covering existing and new-home transactions in 2011, shows investment-home sales surged an extraordinary 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation-home sales rose 7.0 percent to 502,000 in 2011 from 469,000 in 2010.

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