Boomers Buying Vacation Homes
Retirees are ditching far-away vacation rentals and exotic retirement getaways and opting to buy closer to home, according to a recent study by the National Association of Realtors.
Once dominated by young families, the vacation home market is graying. The study showed the average age of vacation home buyers was 50, and the average distance of the home from the buyer's permanent residence was 305 miles.
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