Vacation home sales surge

Sales of vacation homes in 2014 surged to the highest level since at least 2003, when the National Association of Realtors began keeping track, jumping 57.4 percent from the previous year.

Vacation home sales reached an estimated 1.13 million last year, and accounted for 21 percent of all transactions, a record high.

The NAR says vacation sales last year showed astonishing growth, nearly doubling the combined total of the previous two years.

“Affluent households have greatly benefited from strong…