With temperatures warming and summer just around the corner, many people are getting the itch to buy or build a vacation home. Fueling that itch is news that the average price of a second home is down about 23 percent since 2007.

The median price of the typical vacation home is about $150,000 — down from $195,000 in 2007, says a National Association of Realtors report. As a point of comparison, the median price of a vacation home was about $204,000 in 2004. The survey found 80 pe ...

( Back to Article )