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Executives weather finicky markets with second-home investments.

Publication: Mississippi Business Journal
Publication Date: 31-MAR-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Executives weather finicky markets with second-home investments.(Focus)

Article Excerpt
Spend winter in Colorado, summer at the beach house and autumn at a mountain retreat. Stay home for a magnolia spectacle spring in Mississippi. What could be more fun than following the seasons to experience the best time at each of your homes? It's hardly a new idea for the rich, but now this lifestyle is going mainstream, and is within reach for executives throughout the state, who are snapping up second, third and even fourth homes.

"This is not just a millionaire's dream anymore," says Paul Bessler, vice president for strategic marketing at Dallas-based Centex Destination Properties.

According to a National Association of Realtors survey in 2006, sales for...

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