The National Association of Realtors analysis of U.S. Census Bureau data reveals there are approximately 8 million vacation homes in the U.S. Not only that, but their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales increased substantially in 2013. Call Craig Adelman today at 303.809.8979.
According to NAR Chief Economist Lawrence Yun, favorable conditions are driving second-home sales:
“Growth in the equity markets has greatly benefited high net-worth households, thereby providing the wherewithal and confidence to purchase recreational property,” he said. “However, vacation-home sales are still about one-third below the peak activity seen in 2006.”
Take a look at the findings from the report: