Vacation Home Buying Guide

Since seven in 10 Americans now are home owners, the American Dream is no longer owning a home but buying a great escape vacation property, be it an oceanfront condo, a lakeside cabin or a ski-resort chalet.
Second-home sales exploded in recent years due to low-interest mortgages and soaring demand from Baby Boomers. Rising mortgage rates slowed sales in 2006, yet the wave of Boomers enriched by their offspring leaving the nest continues