Second Home Demand Reaches Highest Levels In a Year

Second Home Demand Reaches Highest Levels In a Year

ByTMN Editor Reading Time: 2 minutes

In January, second-home demand was up 87% from before the pandemic, the highest levels in a year and almost up to September 2020’s record 90% gain, Redfin reported. Second-home demand outpaced primary residence demand, which was up 42% from pre-pandemic levels. “Demand for second homes was strong in January as buyers tried to lock in…

Second Home Rate Locks Hit All-Time High In 2021
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Second Home Rate Locks Hit All-Time High In 2021

ByTMN Editor Reading Time: 2 minutes

The percentage of second home mortgage rate locks reached its highest recorded level in Q1 2021, dipping slightly in Q2 and Q3 before jumping back up at year-end, according to Pacaso’s Second Home Market report. Second home locks made up 5.7% of all mortgage rate locks in Q1 2021, a record high. They dropped slightly…

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