Tuesday, July 11, 2006

Second Home Owner Survey

A survey prepared by the National Association of REALTORS® (NAR) shows some interesting statistics:

* 21% of vacation-home owners report that they own two or more vacation homes. In addition, 34% of vacation-home owners report they own two or more investment properties.
* Minorities account for 11% of vacation home purchases between 2003 and 2005 (note these buyers were 6% of purchases in 2002 or earlier)
* 53% of investment property owners own two or more investment homes and 12% own two or more vacation homes.

For more details of this survey, go here: Vacation home owner survey

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