Demand for Second Vacation Homes in the U.S. Decline

According to CoreLogic’s principal economist Archana Pradhan, demand for second vacation homes in the U.S. surged after the onset of the COVID-19 pandemic, nearly doubling the pre-pandemic demand level in late 2020. Flexibility to work remotely, coupled with record-low interest rates, induced the hike in second home demand in 2020 and 2021.Though remote work remains…

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