Second-Home Demand Drops to Lowest Level Since 2020

March 15, 2022 Demetria Lester

According to a new report from Redfin, demand for vacation homes fell drastically in February, with mortgage-rate locks for second homes reaching their lowest level since May 2020. Demand was still up 35% from pre-pandemic levels, but significantly lower than the 87% increase in January. February also marked the first month since the start of ...

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