The market for second homes is improving, but prices are still as much

as 40 percent off the peak, Barron’s magazine observes.

Potential buyers include not only families but also investors, says Jan

Reuter, who heads residential real estate at U.S. Trust Bank of America

Private Wealth Management.

To entice its readers, Barron’s identified 10 locales with beautiful views,

challenging golf, good fishing, fine restaurants and lots of good

shopping.

Barron’s editors did warn its readers not to count on a quick flip.

“Serious appreciation will require a better economy and, quite possibly,

another big rally in stocks,” the magazine said.

Here are their favorites: