
The Pandemic-Driven Second-Home Boom Is Coming to an End
After last year’s frenzy for vacation homes, buyers are now backing off amid rising mortgage rates and an increase in loan fees for second homes.
As a data journalist at Redfin, Dana Anderson writes about the numbers behind real estate trends. Redfin is a full-service real estate brokerage that uses modern technology to make clients smarter and faster. For more information about working with a Redfin real estate agent to buy or sell a home, visit our Why Redfin page.

After last year’s frenzy for vacation homes, buyers are now backing off amid rising mortgage rates and an increase in loan fees for second homes.

1 in 3 U.S. renters can’t afford to buy a home where they want to live and 30% are unable to save for a down

Demand for single-family homes surged during the pandemic—but it surged so much that condos are now all some homebuyers can afford. The typical U.S. condo

With home prices up 16% from a year ago and mortgage rates rising, many Americans are searching for homes in more affordable areas. The share

Use unique strategies to make your offer stand out, such as releasing the earnest-money deposit early, and making it nonrefundable. Waive the appraisal contingency

House hunters are most active on Tuesday evenings, right in the middle of the workweek. In the midst of today’s red-hot housing market, Americans are

After last year’s frenzy for vacation homes, buyers are now backing off amid rising mortgage rates and an increase in loan fees for second homes.

1 in 3 U.S. renters can’t afford to buy a home where they want to live and 30% are unable to save for a down

Demand for single-family homes surged during the pandemic—but it surged so much that condos are now all some homebuyers can afford. The typical U.S. condo

With home prices up 16% from a year ago and mortgage rates rising, many Americans are searching for homes in more affordable areas. The share

Use unique strategies to make your offer stand out, such as releasing the earnest-money deposit early, and making it nonrefundable. Waive the appraisal contingency

House hunters are most active on Tuesday evenings, right in the middle of the workweek. In the midst of today’s red-hot housing market, Americans are