Investment & Vacation Homes Sales Surge :: Tucson | Oro Valley ...

More investors jumped into the market with cash in hand to acquire distressed and affordable properties, the National Association of Realtors said.

The combined share of investment and vacation home sales last year reached its highest level since 2005, NAR said. The association?s study shows investment-home sales growing 64.5% to 1.23 million in 2011, compared to 749,000 in 2010.

Vacation-home sales also jumped 7% to 502,000 last year, compared to 469,000 in 2010. In all, vacation purchases represented 11% of all transactions in 2011, compared to 10% in 2010.

Investment sales made up 27% of 2011 transactions, compared to 17% in 2010. Lawrence Yun, chief economist for NAR, said investors have been popping up in the market with cash in hand to acquire homes as prices sink to affordable levels along with low interest rates.

?During the past year, investors have been swooping into the market to take advantage of bargain home prices,? he said. ?Rising rental income easily beat cash sitting in banks as an added inducement. In addition, 41% of investment buyers purchased more than one property.?

NAR notes that 49% of investment buyers paid cash last year, while 42% of vacation-homebuyers did the same.

About half of the investment homes acquired were distressed homes, compared to 39% of vacation homes.

? Tucson Contemporary Home For Sale ?On Golf Course? | Home

Tucson Contemporary Home For Sale ?On Golf Course?

March 28, 2012
by: Vallee Gold Team ? 85755, Home Buyers, Listing, Oro Valley, Arizona Real Estate, RE/MAX Excalibur Realty, Vallee Gold Team

RE/MAX EXcalibur 2012 Sales Rally Alex Charfen ?Market Is Shifting?

January 17, 2012
by: Vallee Gold Team ? Certified Distressed Property Experts, CDPE, CIAS, Distressed, General, Listing, RE/MAX Excalibur Realty, Real estate investor, Uncategorized, Vallee Gold Team

Famous Architect ?Bennie Gonzales? Featured Home 420 Pinto Pl Tucson AZ 85748

November 30, 2011
by: Vallee Gold Team ? 85748, General, Horse Property, Listing, RE/MAX Excalibur Realty, Tucson, Arizona News, Tucson, Arizona Real Estate

Vallee Gold Team Listing 2371 E Skipping Rock Way Tucson, AZ 85737

November 23, 2011
by: Vallee Gold Team ? 85737, Listing, Oro Valley, Arizona Real Estate, RE/MAX Excalibur Realty, Tucson, Arizona Real Estate, Vallee Gold Team

Investment & Vacation Homes Sales Surge

March 30, 2012
by: Vallee Gold Team ? Home Buyers, Housing Market, Second Homes, Tucson Home Buyers, Vacation Homes, Winter Homes

Tucson Contemporary Home For Sale ?On Golf Course?

March 28, 2012
by: Vallee Gold Team ? 85755, Home Buyers, Listing, Oro Valley, Arizona Real Estate, RE/MAX Excalibur Realty, Vallee Gold Team

Local RE/MAX Agents Don & Kathy Vallee Attend International Conference

March 28, 2012
by: Vallee Gold Team ? General, Home Buyers, Local Businesses, Oro Valley, Arizona Real Estate, RE/MAX Excalibur Realty, Vallee Gold Team

FHA Mortgage Premiums Set To Rise in April

March 26, 2012
by: Vallee Gold Team ? FHA, Mortgage, Mortgage Guidelines, Refinance

Tucson AZ Real Estate Market Update 2012

March 13, 2012
by: Vallee Gold Team ? Market Update, Real estate investor, Tucson, Arizona News, Tucson, Arizona Real Estate, Vallee Gold Team

Tucson AZ News on Mortgage Revenue Bond or MRB

February 3, 2012
by: Vallee Gold Team ? Finance, Local Businesses, Marana, Arizona Real Estate, Oro Valley, Arizona Real Estate, RE/MAX Excalibur Realty, RE/MAX Military Relocation, Tucson, Arizona News, Tucson, Arizona Real Estate, Vallee Gold Team

Famous Architect ?Bennie Gonzales? Featured Home 420 Pinto Pl Tucson AZ 85748

November 30, 2011
by: Vallee Gold Team ? 85748, General, Horse Property, Listing, RE/MAX Excalibur Realty, Tucson, Arizona News, Tucson, Arizona Real Estate

RE/MAX Launches A New Global Website

November 9, 2011
by: Vallee Gold Team ? Company news, General, RE/MAX, Tucson, Arizona News

Source: http://tucsonazrealestate.com/2012/03/30/investment-vacation-homes-sales-surge/

sweet potato pie twas the night before christmas norad santa epic beard man nfl standings giants vs jets chargers