According to recent data released by the National Association of Realtors, Americans are having a love affair with the second home.
The number of vacation homes sold in the U.S. went from 502,000 in 2011 to 553,000 in 2012, and of all home transactions in 2012, 11 percent were vacation homes, according to NAR.
What Does a Typical Vacation Home Buyer Look Like?
A typical second home buyer was, on average, 47 years old. S/He has a median household income of $92,100, and lived a median distance of 435 miles from their primary residence.
The number of vacation homes sold in the U.S. went from 502,000 in 2011 to 553,000 in 2012, and of all home transactions in 2012, 11 percent were vacation homes, according to NAR.
What Does a Typical Vacation Home Buyer Look Like?
A typical second home buyer was, on average, 47 years old. S/He has a median household income of $92,100, and lived a median distance of 435 miles from their primary residence.
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