Monday, May 27, 2013

10 best places to buy a vacation home


10 best places to buy a vacation home




Photo: Shutterstock

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The economy is improving, banks are beginning to ease standards for lending, and mortgage rates are near their record lows. These factors are making it easier for Americans to wade into the real estate market again. For those who can afford it, even vacation property, either as a second home or as an investment to rent out, is increasingly in high demand. Based on data provided by real estate listing service Trulia, 24/7 Wall St. reviewed the 10 most searched places for vacation homes on Trulia’s website between April 2012 and March 2013. A place was considered a vacation area if 25% of the housing stock was used seasonally or occasionally, as measured by the U.S. Census Bureau. 24/7 Wall St. looked at the median asking price in the area, also provided by Trulia. These are the most popular towns in which to buy a vacation home.

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