While the pandemic caused many people to reassess their living situations as the virus began ravaging the country during the first quarter of 2020, many made hard decisions, some went the complete opposite way by doubling down and purchasing a ...
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Demand for Vacation Homes Slips, But Market Remains Hot
Forty-nine of the top 50 vacation home markets saw double-digit growth last season according to rate lock and mortgage application data.
Read More »Second-Home Mortgages on the Rise; Buyers Take Advantage of Prices
Since 1998, second-home mortgages have averaged about 4.76 percent of the total purchase market, but the share is rising, according to Fannie Mae. While the purchase market increased four-fold from 1998 through the bubble years, the second-home mortgage market multiplied by 15 over the same years.
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