Gary Pierpont Blog

Vacation Home Sales Increase

April 24, 2014 by garypierpontblog

An increasing number of Americans are feeling financially secure, according to new data. Last year, vacation home sales jumped 13%, the highest level seen since 2006. Overall, annual home sales increased approximately 30%, averaging 717,000. Median home prices increased to $168,700 from 2012. Additionally, the stock market has gained strength, according to Lawrence Yun, chief economist at the National Associaton of Realtors; the S&P 500 had a 30% return last year. More here

Filed Under: Housing Market Tagged With: First Home Mortgage, Gary Pierpont, Greenbelt, MD

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