Morning Minute: U.S. vacation homes sales jumped to record high in 2014

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The market for vacation homes was strong in 2014, with sales of vacation properties climbing to 1.13 million last year, a 57.4 percent jump compared to 2013 and the highest level since the National Association of REALTORS® (NAR) began tracking such properties in 2003 with its Investment and Vacation Home Buyers Survey. The latest survey also found that investment-home sales were down 7.4 percent last year. Read the NAR news release on the 2015 Investment and Vacation Home Buyers Survey for details.

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