VACATION HOMES: Last year, while investment home sales dropped nationally, vacation home sales rose nearly 5 percent at a time when real estate, in general, was experiencing a downturn.By 2025, an estimated 35 percent of the U.S. population will be age 50 or older. That's one of the reasons why all signs point to a continued strong market for vacation homes, bolstered by Baby Boomers as prime vacation home candidates. Whether they simply want to diversify investments or want a place to get away, Baby Boomers are driving this marker growth.This bodes well for the continued strength of the Durango market. Statistics from the National Association of Realtors show that:** Two-thirds of of buyers desired a vacation home close to a body of water;** Nearly 40 percent preferred to have access t...
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