A new Redfin report found that increased housing costs, short supply, and return-to-office mandates have factored into a decline in the demand for vacation homes and investment properties nationwide.
Read More »Golden State Tops Destinations for Luxury Property Seekers
While the nation’s housing marketplace continues to experience instability, a new report from Point2 has found stability in the price, demand, sale, and inventory levels in luxury properties through the first half of 2023.
Read More »Breaking Down Investor Trends Since the Turn of the Century
In a Realtor.com analysis of data from January 2000 to December 2022, investor buyer share lost some ground after hitting a record high of 8.9% reported in February 2022, but remains above pre-pandemic levels.
Read More »Demand Dwindles for Vacation Homes and Investment Properties
Redfin reports that demand for vacation homes is down more than 50% from pre-pandemic levels, as the number of people locking in mortgages for second homes dropped to its lowest level since 2016 in February.
Read More »Luxury, Investment Home Sales Dip Nearly 40%
Redfin reports that the luxury and investment home market has slid 38.1% year-over-year, due to lingering inflationary concerns, high interest rates, and fears of a recession.
Read More »Vacant Homes in Foreclosure Record Third Consecutive Quarterly Increase
The number of zombie properties inched upward in Q4, and though they remain a small portion of the market at just one in every 13,000 residential properties nationwide, those numbers are projected to grow in the aftermath of foreclosure moratoria lapsing.
Read More »Luxury Home Purchases Slide to New Lows
With mortgage rates hitting 14-year highs and inflationary woes lingering, high-end homebuyers are backing off from purchasing luxury homes nationwide, with a near 30% drop-off reported year-over-year.
Read More »Moving Into the Eye of the Storm
Redfin reports homebuyers are relocating to climate risky areas, despite intensifying natural disasters, as homes with high fire and flood risk sold for a premium during the pandemic.
Read More »Second Home, Investment Property Buyers Migrating to At-Risk Areas
A new Redfin study has found that more than 40% of buyers of who purchased a vacation home or investment property during the pandemic did so in areas of high flood, storm, and/or heat risk.
Read More »Demand for Vacation Homes Returns to Pre-Pandemic Norms
Vacation homes became all the rage early in the pandemic, with demand peaking at 90% above normal levels in March 2021. But today, the apparent demand for second properties or vacation homes has fallen to “normal” levels, or at least to ...
Read More »