Now,
recent vacation home purchases are averaging 322 miles from home.
Not exact matches
Although fixed mortgage rates have started to creep up in
recent weeks, interest rates and property prices remain on the low side, making now an ideal time for your clients to think about
purchasing that
vacation home they've dreamed about owning.
All - cash
purchases have become prevalent in the second -
home market in
recent years: 59 percent of investment buyers paid cash in 2010, as did 36 percent of
vacation -
home buyers.
Vacation home sales boomed in 2014 to above their most
recent peak level in 2006, while investment
purchases fell for the fourth straight year.
All - cash
purchases have become fairly common in the investment - and
vacation -
home market during
recent years: 49 percent of investment buyers paid cash in 2011, as did 42 percent of
vacation -
home buyers.