Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights mortgage purchase applications and durable goods orders. Mortgage...
Lifestyle factors continue to be the primary motivation for vacation-home buyers, with the desire for rental income driving investment purchases. Vacation homes were more likely to be located in a rural area, while investment homes were more likely to be in a suburban location.
The market share of vacation- and investment-home sales held steady in 2010, although the sales volume declined with the overall market according to the 2011 Investment and Vacation Home Buyers Survey.
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