Redfin: Demand for Vacation Homes Falls

Redfin, Seattle, found that the demand for vacation and second homes has dropped to the lowest level in at least six years.

October Second-Home Demand Up 70% From Pre-Pandemic Levels

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.

Demand For Vacation Homes Falls for First Time in a Year

Redfin, Seattle, said buyers who locked in mortgage rates to purchase a second home nationwide fell 11.1% year over year in June, a reversal from the yearlong surge in demand for vacation homes driven by the pandemic.