Second Home Sales Hit Another Record in 2005; Market Share Rises
Published Thursday, May 11, 2006 by Real Estate Pro | E-mail this postVacation-home sales increased 16.9 percent last year to a record 1.02 million from a downwardly revised 872,000 in 2004, while investment-home sales rose 15.7 percent to a record 2.32 million in 2005 from an upwardly revised 2.00 million in 2004.* David Lereah, NAR's chief economist, said all the factors at play in the second home market were favorable in 2005. Most investment home buyers are in the South - 38 percent of the total.
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Second Home Sales Hit Another Record in 2005; Market Share Rises