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Home > Vacation Home Property Sales Surge!

Vacation Home Property Sales Surge!

April 10, 2014 by Linda Granger

Vacation home property sales surge 24650 Volcano TrailVacation Home Property Sales Surge

Great news for the health of the Tahoe/Truckee real estate market!

From our friends at the KCM blog, very interesting and encouraging statistics on the national vacation home market:

The American desire to own a second home as a vacation home is alive and well!

The National Association of Realtors analysis of U.S. Census Bureau data shows there are approximately 8 million vacation homes in the U.S. Their 2014 Investment and Vacation Home Buyers Survey shows vacation home sales improved substantially in 2013.

NAR Chief Economist Lawrence Yun said favorable conditions are driving second-home sales:

“Growth in the equity markets has greatly benefited high net-worth households, thereby providing the wherewithal and confidence to purchase recreational property,” he said. “However, vacation-home sales are still about one-third below the peak activity seen in 2006.”

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Filed Under: Market Reports Tagged With: granger properties, granger properties of tahoe, lake tahoe real estate market, tahoe city real estate, truckee real estate

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