Second home sales are dropping a bit, but there are some buyers that are helping to prop up the luxury home market. Foreign buyers are taking advantage of the current situation in the US real estate market to make second home and investment property purchases. Inman News reports on foreign buyers and second home sales:

Real estate professionals tell Inman News that foreign buyers
are taking advantage of lopsided currency values against the U.S.
dollar in some market areas and are propping up second-home sales while
many U.S. buyers are taking a wait-and-see approach.

With the real estate market in decline, not to mention the US dollar weakness, many in other countries are seeing this as an opportune time to buy real estate in America. And, while the luxury home market usually holds up better than the rest of the real estate market, it is starting to see some cracks now, too.