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by CareyBot

Editor's note: The second-home or vacation-home market is a booming niche that's vastly different than the market for primary homes. Many foreign buyers are playing a larger role in second-home purchases in the U.S., while many domestic buyers are crossing the border for their second homes. In this three-part series, we examine the fast evolving second-home market, looking at the trends of foreign buyers coming to the U.S., U.S. buyers looking outside the borders, and how booming second-home markets impact affordability for everyone else. (See Part 1: Florida says 'cheerio,' 'hola' to international real estate buyers and Part 2: Priced out of paradise.) The traditional vision of a second home was a cabin close to the shore of Dad's favorite fishing lake or a condo on the fairway of Dad's ...