time to buy a vacation or retirement home

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PRICES ARE LOW, AND INVENTORY IN Vacation Destinations is up.


Vacation home buying makes a comeback


Sales of vacation and second homes are making a comeback in many areas,
according to a survey conducted by the National Association of Realtors(r)
(NAR) this past spring1. In fact, last year, vacation home sales outpaced
primary residences and investment property sales.

The profile of the typical second-home buyer, according to the survey, may
be surprising: 46 years old, married with a median household income of
$87,500. But this profile supports historical demographics regarding
vacation home purchasing. According to NAR, people typically become
interested in purchasing a vacation home in their mid-40s. Today, 44 million
people are in this demographic, and 40 million more are between 30 and 39
years old, according to U.S. Census Bureau data. This could indicate a
favorable long-term demand for second homes.


<http://mortgagenews.bankofamerica.com/MortgageNews.aspx?articleid=real01110
1&mlo=nbkcvq5> Read more >

-sunil


SUNIL SETHI REAL ESTATE

Sunil Sethi / Broker, President, REALTOR, MBA / SUNIL SETHI REAL ESTATE
38750 Paseo Padre Pkwy Suite B3 / Fremont, CA 94536
<http://www.sunilsethi.com/> www.sunilsethi.com

CA DRE#: 01173766

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