Tag Archives: Vacation Home Buyers Stay Close to Home

More buyers are being lured to the idea of purchasing a second home thanks to bargain prices in many areas. But with the rising costs of travel and more cost-conscience buying habits, many of these buyers are bypassing typical vacation hot-spots and resorts and choosing to buy a vacation home closer to their primary residence. The median distance between the buyer’s primary residence and vacation home shrank 19 percent from 2010 to 2011. The median distance in the most current survey is 305 miles, according to National Association of REALTORS®’ […]