Tag Archives: Second Homes

According to a new LendingTree study, the nation’s most expensive towns are often found in popular vacation spots; however, such homebuyers may further deplete the already limited housing supply, driving up home prices and making housing difficult to afford for locals.

Price drops have become increasingly common throughout the U.S., particularly in parts of Utah and other mid-sized metros in the West, according to a new report from Redfin. ...

The demand for vacation and second home sales is outpacing the overall growth in existing-home sales, according to a new survey.

The demand for second homes is at a five-year-high. Here are some of the most coveted U.S. locations for buying vacation homes this year.

While the rest of the housing market cruises along, vacation home markets are still trying to get back to the values they had before the crash, according to a report. What’s keeping this market from booming?

Given that nearly all the news about the homebuying market these past few years has focused on tight markets, lower-than-expected activity, and mortgages that keep circling the drain, it may seem easy to overlook a basic question—is anyone buying second homes these days? As it turns out, yes.

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. The second-home mortgage market did decline significantly during the housing downturn, but today, it’s alive and well.