Sales of vacation homes are picking up as low prices attract new buyers. However, with travel costs rising and consumers still uncertain about the economy, many buyers are snapping up properties closer to home. That is a change from the past decade when people often headed out of state to buy vacation homes near resorts and areas that were tourist destinations. But these days, many vacation-home buyers are looking for properties in the more traditional vacation-home communities near where they live.
Read the full report: Vacation-Home Sales Gain Momentum