Real Estate Sales
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 MoreI wrote a piece for AOL this week that was very telling: cash real estate transactions are up, as originally reported by the Wall Street Journal: in fact, cash buyers may be juicing up the market, especially in the underwater areas. The WSJ wonders if this could be a good gauge that the market has…
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