Demand for vacation homes plummeted in 2023
United States homebuyers took out 90,772 mortgages for second homes in 2023 — 40 percent fewer than they did in 2022. Continue reading
United States homebuyers took out 90,772 mortgages for second homes in 2023 — 40 percent fewer than they did in 2022. Continue reading
Thanks to low inventory and high mortgage rates, just 14 homes out of 1,000 changed hands in the first six months of 2023, the lowest rate in a decade, according to data released Tuesday by Redfin. Continue reading
More than 5 percent of homes were sold to iBuyers in Phoenix and Charlotte, the top two markets for the direct-buying platforms. Continue reading