Apr
06
U.S. Vacation-Home Sales Tumble From Record as Bargains Dry Up
By-
Transactions last year dropped almost 19% from 2014 high
-
Limited inventory, stock-market turbulence hold back buyers
Sales of U.S. vacation homes tumbled last year from record levels as buyers were held back by tight inventory and turbulence in financial markets.
An estimated 920,000 vacation properties changed hands, down almost 19 percent from a high in 2014, according to a survey released Wednesday from the National Association of Realtors. By comparison, sales of primary owner-occupied homes jumped 16 percent to 3.74 million, the highest level since 2007, the group said…
U.S. Vacation-Home Sales Tumble From Record as Bargains Dry Up
