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Vacation Property Sales Fuel Housing Market

Vacation Property Sales Fuel Housing Market

| Apr 04, 2013 | Housing Market

According to the National Association of Realtors, 11% of 2012’s property transactions stemmed from vacation properties, leading to a 10% increase from 2011. Lawrence Yun, the NAR’s  Chief Economist said, “we had a strong stock market recovery, which helps more people in the prime ages for buying vacation homes.” It is reported that 38% of vacation home buyers bought property due to low prices, while 28% purchased property for family vacations only. More here

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