Vacation home sales improved in 2012, while investment purchases remained elevated for a second consecutive year, according to the National Association of Realtors®.
Vacation-home sales accounted for 11 percent of all transactions last year, unchanged from 2011, while the portion of investment sales was 24 percent in 2012, down from 27 percent in 2011, marking the second highest share since 2005
After being battered during the housing bust, the vacation-home market is showing signs of life. Reports of bidding wars are trickling out of some of the locales that bore the brunt of the housing bust, and brokers in other markets, while not sounding the "all clear," at least say conditions aren't getting much worse.
Those (vacation properties) have become more and more popular for the savvy investor and stay booked year round due to our moderate temperature and abundance of sunny days " explains Forss, a broker in Temecula Calif whose company has had a consistent strong base of investors over the past several years - approximately one-third of all buyers - and has copious amounts of vacation rentals.
US vacation home seekers aren't solely staying within the country, either. The trend seems to be growing worldwide.
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