Paul Bishop Buyers Quotations

Home buyers are making use of many sources of information in their home searches.

We don't have good numbers on this, but the information we do have is a lot of the activity is from buyers who buy one to two or more properties over the course of a year or two. The majority of these folks are actively in the market to buy investment properties as opposed to people buying a one-off home to rent. They are serious residential investors.

The median age of vacation home buyers is about 52, so this is the first wave of Baby Boomers, and about one in five is planning on using the second home they've purchased as a primary residence someday. They're thinking about lifestyle issues and their future retirement.