Tag Archives: second homes

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.

In an analysis of the top markets for second-home transactions and luxury homes in 2023, the Sunshine State held eight of the 15 top metros on the list, with Manatee County, Broward County, and Sarasota County experiencing the greatest price appreciation year-over-year.

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.

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.

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 ...

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.

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 ...

As remote work prompted many Americans to relocate during the pandemic, housing costs soared in second-home hotspots even more than the rest of the country, according to a new report from Redfin. Average rental prices rose 17.1% year-over-year nationwide to ...

Remote work situations have given way to a rise in second home purchases, with counties in Idaho, Maine, and Texas leading the way, experiencing more than 50% growth price.

Rise in both mortgage rates and loan fees for second homes is driving down interest nationwide in vacation homes nationwide.