Baby boomers, flush with stock gains, drive record vacation home sales

April 2, 2015 5:52 PM

53 0

Bolstered by stock-market gains, affluent Americans bought more than 1.1 million vacation homes last year, according to an annual trade group survey - up 57 percent from 2013 and the most since the survey began in 2003.

The strong sales of second homes contrasted with a weaker year for purchases of principal residences, and also a decline in sales to investors.

Also read: Celgene quarterly revenue rises 28 percent as Revlimid shines

Read more

To category page