Monday, July 26, 2004

Second Home Sales Soar

According to the National Association of Realtors (NAR), sales of vacation homes set a record in 2003. Largely fueled by low interest rates and baby boomers in their peak earning years looking for real estate investment, second homes in some areas are now appreciating at a faster rate than primary residences.

For more on the financial considerations of purchasing a vacation home, check out this CBS MarketWatch article and these strategies from

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