According to Bankrate, the second-home market is perking up along with with the rest of the housing market. For 2014, the National Association of Realtors found that sales of vacation homes rose 57.4 percent from 2013.
Bankrate reports that the average vacation homebuyers this year are Baby Boomers with a household income close to or at six figures, willing to spend roughly $150,000 and apt to see the place more as a vacation spot and family retreat instead of an investment.
Popular options for vacation homes are a single-family house in the South near a beach.
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