“Second homes are a luxury,” according to Jed Kolko, chief economist of the real estate website Trulia.com. But if you could afford them, where would you buy one?
Using data provided by Trulia, 24/7 Wall St. reviewed the 10 most searched places for vacation homes between April 2012 and March 2013.
North Wildwood and Ocean City, both in N.J., emerged the top two vacation-home towns. The towns are popular among residents of Philadelphia and New York areas, probably even more after Hurricane Sandy led to a big slump in the prices.
People who are searching for the most-sought after locations tend to live within driving distance of the vacation spot, Kolko said.
Here is a snapshot of some popular vacation-home towns on 24/7 Wall St.’s list, along with their rankings: