The summer vacation season is well underway and quite a few people will be thinking about purchasing a vacation home. For most this won’t be a decision that is taken on the spur of the moment, but is more likely to be something they’ve dreamed of doing for many years. An article in aol.com highlights
Lightening The Load: Economic Woes Increase Vacation Home Sales?
You might think that with foreclosure sales growing across the country and homeowners experiencing reduced equity levels, vacation homes sales would be down, but you would be wrong. In 2011 they were up, with the majority of sales going to investors, not owner-occupiers.