Low Prices Attract Vacation-House Lovers

Summary


Skip Schlesinger, a Realtor with Prudential Carruthers in West Ocean City, has one client who takes off his watch as soon as he hits the Ocean City Bridge. Debbie Grimm, a Realtor in Cumberland, Md., has a number of clients who talk about the feeling they get as soon as they glimpse the mountains of western Maryland.

"They say that their worries just fall away," Ms. Grimm says. "A lot of our second-home buyers say they fell in love with the area when they first drove through."

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Low Prices Attract Vacation-House Lovers

Whether your tastes run to the mountains or the beach, a vacation home may be closer than you think. Thanks to high inventories, falling prices and low interest rates, many communities offer vacation homes that would have been out of reach for many just a few years ago.

According to data supplied by the National Association of Realtors (NAR), vacation homes make up about 30 percent of home sales today. Th...

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