Cape Still Sees Inventory Crunch as Second-Home Demand Retreats
Demand for second-home mortgages took a nosedive in February, a new report says, but Cape Cod’s inventory crunch means most buyers on the peninsula won’t feel any benefit.
Demand for Second Homes Stays Strong Heading Into 2022
A new analysis of mortgage rate-locks by online brokerage Redfin has found that, nation-wide, demand for second homes was up 77 percent in December over 2019 levels.
FHFA Increases Fees on High Balance, Second Home Loans
Some high balance loans and mortgages on second homes sold to Fannie Mae or Freddie Mac could soon face higher upfront fees.
Second Home-Shopping Season Starts Now
If the winter holiday season now begins with Halloween, and the Super Bowl kicks off the spring homebuying season, when do people begin looking in earnest for second homes?
As Weather Cools, Nantucket, Vineyard Stay Hot
Real estate agents on both islands are busier than ever, awed by the influx of wealth propelling the sales, concerned about those who can’t compete – and wondering what 2022 will bring.
Second Home Demand Rebounded in September, Buoying Cape Market
Nation-wide demand for second homes rebounded in September at the same time as Cape Cod real estate observers say buyer demand stayed strong last month as the Delta variant gave remote workers a reprieve from changes to companies’ work-from-home policies.
Rush for Second Homes Cools, But Stays Strong
Redfin’s monthly analysis of national-level mortgage rate-lock data shows demand for second homes has definitely cooled from last year, but it’s still elevated compared to the pre-pandemic norm.
Change of Work Status Leads to Buyers’ Change of Heart
Now that the country is reopening and some companies are calling their employees back to the office, more than a few pandemic-inspired buyers are having a change of heart.
As Resort Towns Flourish, Lending Tightens
As the market for vacation homes continues to forge ahead at an almost unprecedented pace, the two major suppliers of financing funds have put a lid on the number of mortgages for such properties they will buy from primary lenders.
Second Home Demand Soars 84 Percent, Mortgage Data Says
A new analysis of nationwide mortgage application data shows just how much demand for vacation homes has grown during the pandemic.
