Real Estate
Savannah Real Estate News: One-in-Seven Own Second Homes

David Lasley, Your Savannah Area Realtor

One reason for the surge in home sales in recent years may be that more and more of us own two homes.

"Fifteen percent of homebuyers were either purchasing a second home, already owned a second home or were buying a new primary residence and keeping their existing property as a second home," according to a recent study by the National Association of Realtors.

Why the interest in second homes? While many buyers purchase for reasons of recreation and leisure, a growing percent want a second home for investment purposes. The study found that the percentage of buyers "purchasing second homes for investment purposes rose from 20% in 1999 to 37% of second home sales in 2002." If you're interested in relocating or purchasing a second home and need someone to help you understand the Savannah Georgia Real Estate Market, contact David at 912/507-8358

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