In today's market, you might think the vacation-home market would be really soft. But as it turns out, sales actually grew at a faster rate than those of primary residences between 2008 and 2009 (7.9 percent to 7.1 percent respectively). That's according to NAR's Investment and Vacation Buyers Survey, released at the end of April. It shows that the typical vacation-home buyer is making a lifestyle choice, with nine out of ten saying they intend to use the property for vacations or as a family retreat.

Written by Brian Summerfield
Realtor Magazine June 2010