SEATTLE--(BUSINESS WIRE)-- (NASDAQ: RDFN) — U.S. homebuyers took out 86,604 mortgages for second homes in 2024, the lowest level in records dating back to 2018 and down 5% from a year earlier, ...

A new Redfin report reveals that American appetite for vacation homes has continued its steady decline, reaching the lowest point in at least six years. In 2024, U.S. homebuyers took out just 86,604 ...

Mortgage applications for vacation properties plummeted 40% in 2023, according to a Redfin report issued Monday, marking a downturn in a market that once flourished during the pandemic boom. Demand ...

Owning a vacation home can be an enticing prospect. When you shift from tourist to homeowner in a location you love, it’s easier to visit whenever you wish, and the home provides a getaway to create ...

Americans are buying fewer second homes, a new report found. Last year, Americans took out about 86,600 mortgages for second properties. This represents a six-year low, according to listings platform ...

New mortgages for second homes, often thought of as vacation homes, fell to a 6-year low in 2024. High interest rates and home insurance costs are keeping Americans from buying second homes, ...

Sales of homes in vacation-driven towns fell 3% in July, compared with a 1% dip in non-seasonal markets. Inventory in seasonal towns surged 17% year over year as demand for second homes cooled. Prices ...

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While vacation-home mortgages are declining in Florida, they’re still more common in West Palm Beach than anywhere else. In West Palm Beach, second-home mortgages made up 5.6% of all mortgages in 2024 ...