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Luxury Vacation-Home Sales Fade With Pace of Economic Recovery

Iain Heydon traveled to Colorado’s Rocky Mountains three times during the past year looking for a vacation home in Grand Lake, where waterfront properties list for as much as $3.95 million. After seeing more than a dozen houses, he has yet to make an offer.

“I’m watching to see what happens to the U.S. economy,” said Heydon, 46, who lives near Basel, Switzerland. “The market for these homes may not have reached its bottom.”