(Source: Reuters)

Sales of vacation and investment homes in the United States slipped to 30% of all transactions of existing and new homes in 2008, the National Association of Realtors said on Monday.

The total share of second homes declined from 33% of all transactions in 2007, while in 2005, the peak year for home speculation, 40% of sales were second homes, the NAR said.

Read the full story “Second home sales slide” at CNN.com (March 30, 2009)

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