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Sales Of Vacation Homes Fall

Sales of vacation homes fall during recession

Since Suzanne Wegerland put her vacation home in Costa Rica up for sale last summer, she has had plenty of visitors. [..] But so far, no buyers. While she has dropped her price on the property, with its rambling five bedrooms and nearby rain forest, from $2.35 million to $1.5 million, she is experiencing firsthand just how dismal the market has become for vacation homes. She has enough money to pay her interest-only mortgage of $3,800 through July, but after that, there are no funds left. Ref. Source 9

Fall Homes Vacation Sales

I would love to be able to buy one of these vacation properties but they are still priced way out of my range. I need to look in other venues to see if there is a place I can afford.