Latest News
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
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.