Redfin: Demand for Vacation Homes Falls 40 Percent
A new analysis of mortgage data from combined brokerage and listings portal Redfin says that demand for vacation homes has fallen precipitously from 2022 to 2023.
As Weather Cools, Nantucket, Vineyard Stay Hot
Real estate agents on both islands are busier than ever, awed by the influx of wealth propelling the sales, concerned about those who can’t compete – and wondering what 2022 will bring.
Rate-Locks Suggest Second Home Demand ‘Returning to Earth’
Demand for vacation home loans is shaping up to be weaker this summer than mid-2020’s record highs, according to a new analysis of mortgage rate-lock data by economists at discount brokerage Redfin.
As Resort Towns Flourish, Lending Tightens
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders.
Second Home Demand Soars 84 Percent, Mortgage Data Says
A new analysis of nationwide mortgage application data shows just how much demand for vacation homes has grown during the pandemic.
Two Housing Subsectors Set to Strengthen
Two relatively small housing submarkets are starting to show signs of strengthening. One of those markets: renters looking for more space, both inside and out. The other: people looking to get away from it all, if only for a few weeks.
‘Voracious’ Vacationers Poised to Consume Cape Rentals
Cape Cod’s short-term rental brokers have suddenly found themselves grappling with a flood of business mere weeks after the coronavirus demolished demand for seaside vacations.
Buy as a Group, Ditch the Guilt Over Vacation Home
After a run of bad publicity and flagging sales, the business is enjoying renewed vigor. Timeshare sales increased in 2018 – the ninth straight year – rising nearly 7 percent to $10.2 billion.
