second homes Archives - Marketplace

Primary home stock gets a boost as demand for second homes drops

by Elizabeth Trovall

May 13, 2024

Softer demand for second homes has led to greater inventory in some markets, but overall, the climate is still competitive for buyers.

In 2023, demand for vacation home mortgages fell 40%, according to Redfin. And there are signs things haven’t exactly picked up this year.

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Borrowing for second homes to become more expensive

by Amy Scott

Jan 7, 2022

Demand for vacation homes has crowded out would-be homeowners, but will higher fees make a dent?

Upfront fees for some second-home loans could increase by as much as 3.9% starting in April. Above, beachfront vacation homes in Florida.

felixmizioznikov via Getty Images

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