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Retirement: a good time to buy a getaway

Buoyed by gains in their investments and home equity, vacation-home buyers have returned to the beaches, woods and mountains in search of bargains on vacation properties. Vacation-home sales rose 29.7 percent in 2013 from the year before, and the median price was up 13 percent, to $168,700, according to an annual survey by the National Association of Realtors. Most buyers will use their homes for family vacations, and almost one-third anticipate living in them in retirement. The typical buyer is 47 and comes from a two-earner household with a median income of $90,660. More than one-third of buyers paid cash…Read More

 

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