Baby Boomers
543,000 vacation homes were sold in 2010, ten less than in 2009. 867,000 investment homes were sold in 2010 940,000 investment homes were sold in 2009 Only 25 percent of vacation home buyers plan to rent them. Only 20 percent of investment buyers plan to use their second homes themselves. The median price of a…
Read MoreJeff Harding makes an excellent point. What we heard yesterday proves our housing market is years from the bottom, and those of us who keep saying, OK, this is it, are continually blown away by the sweeps of foreclosures and short sales that are coming on the market. Those are watering down prices and will…
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