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Second Homes Survey: Signs of overheating

from Barron's

The market for second homes is so tight from Aspen to Palm Beach that signs of speculative overheating are starting to show up. Even where markets appear soft, such as Vail, CO, and Sea Island, GA, it's an illusion: buyers, unable to find new inventory, are buying tear-downs and dropping the area's median sales prices in the process. more


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