✉news BusinessBusiness first seen 5 h ago, last 5 h ago, peak #32
Vacation homes turn from hot investment to sales nightmare
Original: Vacation homes were once real estate's hottest play. Owners say they've become a nightmare to sell.
Vacation homes, once one of real estate's most popular investments, are now proving difficult for owners to sell. Owners report listings sitting on the market far longer than expected as demand for second homes cools, turning what was seen as a sure bet into a costly burden for buyers who got in during the pandemic-era boom.
Why now: High mortgage rates and cooling demand have left second-home owners unable to sell, a concern for many who bought during the pandemic property boom.
Business Insidervacation home ownersUS housing market
Evidence
- Vacation homes were once real estate's hottest play. Owners say they've become a nightmare to sell. · Business Insider
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