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Second-Home sales fall in '07

According to the National Association of Realtors, sales of vacation and investment homes fell with the overall market in 2007, but second homes still made up a third of all home sales. Investment properties accounted for 21% of the market in 2007 down from 22% in 2006. Vacation homes sales accounted for 12 percent of the market down from 14 percent in 2006. According to N.A. R.'s annual Investment and Vacation Home Buyer's Survey, whichshowed vacation homes dropping by 30.6% to 740,000 down from a record 1.07 million in 2006.

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