• Josemy Costa

Is It A Good Time to Buy Vacation Homes In America?


Analysts are using mortgage demand as a proxy for homebuyer demand, but cash buyers are a huge percentage of buyers in a second-home market.


Whether this is a good time to buy a vacation home depends on the local market.


There are few predictions of a slowing market coming, a handful of forecasts saying a plateau is coming, and zero predictions of prices dropping.


Buyers should realize this and don´t want to wait too long and risk having to pay higher prices.


Vacation Homes can lead to extra money since the Avg cash-on-cash returns of vacation homes are ~10%/year in the short-term rental markets.


An extreme shortage of housing has driven home prices up to unprecedented levels, and it´s a seller´s market nationwide.


Those who own second homes will sell them before their primary residence, and more inventory and lower demand will eventually make a more balanced market.


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