The prospect of buying a vacation home is still alluring, but trickier to pull off than just a couple of years ago. While mortgage rates have recently declined, they remain above the historic lows of the pandemic era — and inventory is still tight.
There’s been plenty of change for homebuyers to contend with in recent years. For example, during the pandemic, soaring home prices drove many people to move interstate. That same period also coincided with a surge in natural disasters such as forest fires, mudslides and flooding, which made some vacation destinations less appealing.
