NAR: Vacation home market cooling while investments heat up

Survey indicates buyers are eager despite low inventory and tight financing
  • Vacation home sales declined to 920,000 in 2015, down 18.5 percent from 2014's peak of 1.13 million. But, owner-occupied purchases were at their best levels since 2007.
  • Investment-home sales jumped to an estimated 1.09 million, 7 percent higher than 2014's 1.02 million.
  • Despite the obstacles of low inventory and tight financing, 80 percent of vacation home and investment buyers believe it's a good time to buy real estate.

Vacation home sales are down and investment purchases are more prevalent than they’ve been for the past five years, according to the National Association of Realtors 2016 Investment and Vacation Home Buyers survey.