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Real Estate & Property Law

: Housing Wire

Second-Home Sales Fall; More Buyers Pay Cash

By KELLY CURRAN

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The combination of vacation- and investment-home sales slipped to 30 percent of all existing- and new-home transactions in 2008, compared to 33 percent in 2007 and a much larger 40 percent in 2005, the peak year for home speculation, according to the National Association of Realtors. NAR?s 2008 Investment and Vacation Home Buyers Survey released Tuesday [...]

Full post as published by Housing Wire on March 31, 2009 (boomark / email).

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