Second Home Sales hit another record in 2005

Wow! Four out of 10 residential transactions is for a second home sale. The market share of second homes rose from 36% of transactions in 2004 to 39.9% in 2005.

The Baby Boom generation has entered retirement age. And they are celebrating by purchasing second homes.

Not all second homes sales are necessarily a "second" home. Investors are purchasing three, four and five homes -- showing that housing is a good investment (and a popular one).

Interestingly, the largest concentration of vacation home buyers are in the Midwest, accounting for 33% of vacation home sales.

For more information, click on the link above. Check out Nolting Real Estate for more information.