Bargain Hunters Target Vacation Hotspots

Bargain hunters are sniffing out the best deals in parts of the country where the underlying economics are good but prices have fallen or look like they could fall from their height in 2005.

The most popular hunting grounds are those areas where there are lots of second homes. Prices in these areas actually haven’t fallen much, but the abundance of inventory on the market suggests that sellers may have to concede and cut prices if they want to sell soon.

Source: The Wall Street Journal, Christina S.N. Lewis (03/07/08)