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NAR: Vacation home sales drop in 2016, investment sales rise

Last year’s strongest pace of home sales in a decade included a sizeable drop in activity from vacation buyers and a jump from individual investors, according to the National Association of REALTORS’ 2017 Investment and Vacation Home Buyers Survey. The survey additionally found that vacation and investment buyers in 2016 were more likely to take out a mortgage and use their property as a short-term rental.

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