Vacation Homes Defy A Slowing Housing Market

Although the outlook for investment properties is cloudy, the vacation-home market is expected to remain strong in 2006, as baby boomers, flush with money to invest, continue to buy vacation properties as a lifestyle choice, says David Lereah, National Association of Realtors chief economist. In 2005, sales of vacation homes increased 16.9% from 2004 for a record 1.02 million sold, according to the trade organization. Overall, he predicts a soft landing for the housing market, with sales of existing homes dropping 5.7% to 6.67 million.

Vacation Homes Defy a Slowing Housing Market - By Lauren Baier Kim Read the full Wall Street Journal story - click here.

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