Vacation Homes
According to the New York Times, the sales of vacation and weekend homes continues to boom.
Walter Molony, a spokesman for the National Association of Realtors, said that second-home purchases less than 100 miles from a primary home have risen significantly in just three years, to 47 percent of all second-home purchases in 2005, up from 33 percent in 2002.
With the revitalization of urban city centers across the country more and more people are buying condos or renting downtown but are still seeking refuge and space within an hours drive. Folks in New York City have been doing this for years and now it's catching on in a big way everywhere else.
Getting Away Without Going Too Far [New York Times]
Charles & Hudson |
April 28, 2006 |
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