Vacation home sales up 4.7% in 2006

Vacation-home sales went up 4.7% to a record 1.07 mln homes in 2006 from 1.02 mln in 2005, driven largely by demographic trends. Meanwhile, investment-home sales dropped 28.9%, falling to 1.65 mln homes in 2006 from 2.32 mln in 2005, National Association of Realtors says.