Investor buyers, do you know you make up about 27-30% of the current buying market? Most investor buyers are looking to hold onto their properties for a while--only 5% of properties purchased last year have been re-sold.
The second home market surged in 2011, according to data from the 2012 NAR Investment and Vacation Home Buyers Survey. The combined market share of investment and vacation homes rose to the highest level since 2005.
Investment home sales in 2011 jumped 64.5 percent over 2010. Vacation home sales climbed seven percent, year-over-year, and accounted for 11 percent of all transactions last year.