The National Association of Realtors recently released a report on second home sales that was reported on by The Dallas Morning News. The article states that second home sales nationwide dropped by more than 30% in 2007 when compared to 2006. This is pretty consistent with what we saw in the Big Bear real estate market in 2007. There were 1172 residential sales in 2006 as compared to 796 sales in 2007, a difference of 34%. I noticed a few important points to take from the article as it relates to the Big Bear … [Read more...]