Second Home Purchases Rose in 2011

Second Home Purchases Rose in 2011 Play

March 29 (Bloomberg) -- Paul Bishop, senior economist at the National Association of Realtors, talks about the group's investment and vacation home buyers survey. Investment-home sales surged 64.5 percent to 1.23 million last year from 749,000 in 2010. Vacation-home sales rose 7 percent to 502,000 in 2011 from 469,000 in 2010. Bishop talks with Mark Crumpton on Bloomberg Television's "Bottom Line."

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