home sales: Investment and Vacation Home Sales Surge in 2011 - 04/16/12 10:00 AM
WASHINGTON (March 29, 2012) – Sales of investment and vacation homes* jumped in 2011, with the combined market share rising to the highest level since 2005, according to the National Association of Realtors®.
NAR’s 2012 Investment and Vacation Home Buyers Survey, covering existing- and new-home transactions in 2011, shows investment-home sales surged an extraordinary 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation-home sales rose 7.0 percent to 502,000 in 2011 from 469,000 in 2010. Owner-occupied purchases fell 15.5 percent to 2.78 million.
Vacation-home sales accounted for 11 percent of all transactions last year, up from 10 percent … (0 comments)

 
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Jon Becker

Traverse City Real Estate Consultant

Traverse City, MI

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Century 21 Northland

Address: 241 E. State St., Traverse City, Mi, 49684

Mobile: (231) 342-5401

Office: (231) 929-7900

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Keep yourself informed on Northern Michigan Real Estate information including listings for sale, price changes, listings sold, area community information, real estate related laws/ taxes as well as financing information and real estate buying & selling tips & information. For more complete information and to search ALL area listings, photos / slide shows & listing brochures please visit www.c21jb.com


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