The American desire to own a second home as a vacation home is alive and well!

The National Association of Realtors analysis of U.S. Census Bureau data shows there are 7.9 million vacation homes in the U.S. Their 2013 Investment and Vacation Home Buyers Survey shows vacation home sales improved in 2012.

NAR Chief Economist Lawrence Yun said favorable conditions are driving second-home sales:

“We had a strong stock market recovery, which helps more people in the prime ages for buying vacation homes. Attractively priced recreational property is also a big draw.”

Lakefront Vacation HomeHere are the key findings from the report:

Raw Numbers

Reasons for Purchasing

Lifestyle factors remain the primary motivation for vacation-home buyers:

Location

The vacation home buyer purchased a property that was a median distance of 435 miles from their primary residence

 

If you are interested in a vacation home, give us a call! we’ve got the expertise you need to find you the home of your dreams! Call or email today to set up a Buyer Consultation and set a Smart home buying strategy!

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