According to the National Association of Realtors, 12 percent of all existing home sales last year were not primary residences but vacation homes. Inspite of the gloomy housing forecast, second homes sales are still up. While large numbers of houses are going into foreclosure, another group is not just affording payment on their primary residence but they are also buying second homes. Properties near the beach, in the mountains, near a resort are very popular. For buyers who want warmer temperature, they usually head south to Florida, North Carolina, South Carolina, Georgia, and Tennessee. For those who love skiing, they are looking up to the ski country. With the heavy snowfall few weeks ago, housing market in the ski areas of Vermont had a surge in sales. If this trend of second...
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