Economists' Outlook

Housing stats and analysis from NAR's research experts.

All-Cash Purchases Prevalent with Vacation & Investment Homes

  • The market share of vacation- and investment-home sales held steady in 2010, although the sales volume declined with the overall market according to the 2011 Investment and Vacation Home Buyers Survey.
  • All-cash purchases have become prevalent in the second-home market in recent years: 59 percent of investment buyers paid cash in 2010, as did 36 percent of vacation-home buyers.
  • Among investment buyers who did use a mortgage, 50 percent financed less than 70 percent of their purchase.
  • The 2011 Investment and Vacation Home Buyers Survey can be downloaded here: