The housing recovery may be faltering a bit this spring, but vacation home sales are surging back. Sales of these second homes jumped nearly 30 percent in 2013, according to the National Association of Realtors, and activity this year began climbing in advance of the summer season.
Homes sales in the toney Hamptons on the far end of New York's Long Island were significantly higher in the first quarter of this year, according to Douglas Elliman Real Estate in conjunction with Miller Samuel, an appraisal firm. Closings jumped over 50 percent from 2013, with the highest-end homes doing especially well. The median price also rose, by nearly 19 percent year-over-year.