Vacation-Home Sales Boomed in 2014 in the US
By Kristin Hamilton CA REALTOR, (909) 557-6966- Specialize 55+ Communties Banning
(Berkshire Hathaway California Realty)
Vacation Home Sales Boomed in 2014 in the US National Association of Realtors® have reported that "Vacation-Home" sales boomed in 2014. The last peak was back in 2006 but 2014 stats were even higher. NAR’s '2015 Investment and Vacation Home Buyers Survey' covering existing- and new-home transactions in 2014, shows vacation-home sales successfully rose to an estimated 1.13 million last year, the highest amount since NAR began the survey in 2003. Vacation sales were up 57.4 percent from 717,000 in 2013. NAR chief economist, Lawrence Yun, reported that vacation sales in 2014 showed a huge growth, nearly doubling the combined total of the previous two years. “Affluent households have greatly benefited from strong growth in the stock market in recent years, and the steady rise in home pri...