Second Home Purchases in Florida
In addition to being a favorite location for those moving from other states or from abroad, Florida is also a favorite destination for second home buyers. In fact, NAR Buyers Survey reveals the highest proportion of recently purchased vacation properties, as well as investment properties, were in the South, where Florida is the primary destination. Almost half of the vacation properties and 40 percent of the investment properties purchased in 2008 were in the South.
According to the 2007 HMDA, a total of 274,428 home purchase loans were made in Florida.
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