Apr
07

Boomer Buying

vacation homeSales of vacation homes are skyrocketing. Last year a record 1.13 million vacation properties sold, an amazing 21% of all sales and up 57.4% from 2013! Part of this is due to Boomers buying second homes to eventually retire to, while part is being fed by strong gains in financial markets. Meanwhile, sales of investment homes fell 7.4% to 1.02 million and owner-occupied purchases were 3.23 million, 60% of sales.

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Comments

  1. Hi Elliot.

    Love this post. Luckily we live in an area most people vacation. We are seeing an incredible uptick in boomers moving to the area to do just that, especially the ones escaping the heavily burdened economy in the Republic of Kalifornia.

    Looking forward to your next visit!

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