“The number of new lenders entering the market or existing lenders expanding their programs is extraordinary. Capital chasing equity-like returns has found it more difficult to invest, and many have pivoted to high-yield debt strategies, such as real estate, that provide attractive risk-adjusted returns." --Brian Stoffers, CMB, Global President of Debt & Structured Finance for Capital Markets at CBRE (and past MBA Chair).

Redfin, Seattle, said while demand for vacation homes has cooled slightly since the start of the year, it's expected to remain above pre-pandemic levels as many Americans take advantage of more permanent remote-work policies.