The sales of vacation homes skyrocketed last year. A recent study also revealed that 25% of those surveyed said theyd likely buy a second home, such as a vacation or beach house, to use during retirement. For many Baby Boomers, the idea of finally purchasing that vacation home (that they may eventually use in retirement) makes more and more sense as the economy improves and the housing market recovers.

If your family is thinking about purchasing that second home, now may be the perfect time. Prices are still great. If you decide to lease the property until youre ready to occupy it full time, the rental market in most areas is very strong. And you can still get a great mortgage interest rate.

If you are looking to escape the summer heat, call us today about finding your perfect mountain estate or cottage. We have a wonderful selection of vacation homes in the greater Highlands, Cashiers, Sapphire, Lake Glenville, and Lake Toxaway area. Call us today at 828-743-1999, or email us at info@ncliving.com.

The National Association of Realtors (NAR) released their Existing Home Sales Report earlier this week. The report revealed that sales bounced back in September to their highest annual pace of the year. As the chart below shows, after a very slow start at the beginning of the year, residential home sales have been increasing nicely.

Billionaire money manager John Paulson was interviewed at the Delivering Alpha Conference presented by CNBC and Institutional Investor. During his session he boldly stated: