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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: H James Morris who wrote (7045)11/23/2002 8:17:11 PM
From: David JonesRead Replies (1) of 306849
 
...The market for second and third homes is strong. The National Association of Realtors predicts that more than 1 million second homes and vacation condos will be built in the next 10 years to keep pace with boomer demand. The association doesn't specifically track third-home purchases but says they also are on the rise....

I don't completely buy into those numbers. Because I need to see it or experience it for my self. I do believe that second or vacation type units are worth time exploring here the next x amount of years. Also I believe the so called baby boomers will most part hold their primary home for various reasons and seek out a get away shack. It's been on for some time here in N California, it's just now getting more exposure in publications.
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