Could Improved 2009 Vacation Home Sales Lead Housing Recovery

By Mark J. DonovanAccording to a recent 2010 National Association of Realtors (NAR) survey, vacation home sales were up 7.9% in 2009 to 10% of all home sales. Investment home sales, on the other hand, were down 15.9% in 2009 to 17% of all home sales. The 2009 medium sale price for vacation homes and investment homes was $169,000 and $105,000, respectively.A vacation home is defined as a property