Beach

High prices and reopening offices are making people rethink buying a second home, according to Redfin

1 month ago   |   By Business Insider

A view of homes on the beach in Nags Head, North Carolina, a popular vacation spot in the Outer Banks.
Meinzahn/Getty Images
Demand for vacation homes surged in June 2020 and stayed strong for a year.
Last month, buyers eased off somewhat in the face of record high real estate prices.
Reopening offices and new lending requirements also contributed to the cool-off, Redfin says.
See more stories on Insider's business page .
One segment of the real estate market is beginning to look a little more normal. The number of buyers who locked in an interest rate for a mortgage on a second home...
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