AUSTIN, TX – March 30, 2011 – (RealEstateRama) — While the overall residential real estate market is still down, sales of vacation homes fared better than sales of primary residences and investment properties in 2010. In fact, some consumers found low real estate prices, attractive mortgage rates and the potential for price appreciation compelling enough reasons to buy more than half a million vacation homes last year, according to proprietary research commissioned by HomeAway, Inc. as part of the National Association of Realtor’s (NAR) 2011 Investment and Vacation Home Buyers Survey.
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