Demand from customers for Holiday vacation Residences Down 50% from Pre-Pandemic Amounts

Versie Dortch

The trip dwelling buying binge that took flight throughout the pandemic has stalled, in accordance to a new Redfin report (opens in new tab). The amount of homebuyers locking in mortgages to obtain 2nd homes declined 52% from pre-pandemic amounts in March – dropping to their most affordable concentrations due to the fact February 2016, Redfin information show. 

The dollars-and-cents math of shopping for a trip home, either to rent out or use as a household place of work or weekend getaway, no extended adds up for many homebuyers. Blame better property finance loan fees, soaring property charges, inflation, lower home inventory and the return-to-business office trend that’s hurting the rental sector.

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International flights are already 75% booked for the summer, Delta says

If you plan to travel overseas this summer, you might want to book your flights soon. International flights for this summer are rapidly filling up. Roughly three-quarters of overseas seats on Delta Air Lines have already sold for the busy summer travel season, according to executives at the airline. Want […]