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Article: Sales of vacation homes are bright spot for 2006.
- Article from:
- The Orlando Sentinel (Orlando, FL)
- Article date:
- May 1, 2007
CopyrightCOPYRIGHT 2007 The Orlando Sentinel. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Jerry W. Jackson
May 1--Vacation-home sales rose 4.7 percent last year to a record 1.07 million -- one category of the housing market that defied the 2006 downturn, the National Association of Realtors said Monday.
The median price of vacation homes slipped 2 percent to $200,000, helping to keep sales rising as buyers found more listings and discounted deals.
The Realtor trade group's national survey also showed that homes bought for investment purposes fell nearly 29 percent to 1.65 million from a record 2.32 million in 2005, while the median price of those homes plunged 18 percent to $150,000.
Investment homes accounted for ...