According to the National Association of Realtors, 11% of 2012’s property transactions stemmed from vacation properties, leading to a 10% increase from 2011. Lawrence Yun, the NAR’s Chief Economist said, “we had a strong stock market recovery, which helps more people in the prime ages for buying vacation homes.” It is reported that 38% of vacation home buyers bought property due to low prices, while 28% purchased property for family vacations only. More here
