"In some American towns, nearly every house sits empty for part of the year. Whether it's a beachside bungalow, a mountainside chalet, or a lakeside estate, these seasonal homes are usually owned by part-time residents - and in the most extreme cases, they make up over 98% of all housing in town. From coastal escapes in Delaware to ski havens in Colorado, here are the 10 U.S. towns with the highest share of seasonal homes."
"Seasonal homes are properties that are used only part of the year, often for vacations, recreation, or occasional stays. They're typically located in popular getaway destinations, but demand tends to ebb and flow with affordability - and lately, high housing costs have made vacation homes harder to afford. During the pandemic's era of ultra-low mortgage rates, second-home purchases more than doubled , driven in part by activity."
Seasonal homes are properties used only part of the year for vacations, recreation, or occasional stays and are concentrated in popular getaway destinations. Demand for these properties rose sharply during the pandemic when ultra-low mortgage rates helped second-home purchases more than double. Since then, economic uncertainty and near-record housing costs pushed second-home activity back down, and vacation markets are cooling slightly faster than other regions. Coastal towns, mountain ski havens, and lakeside estates show the highest shares of seasonal housing. Some towns, such as Dewey Beach, have extraordinarily high percentages of part-time residences.
Read at Redfin | Real Estate Tips for Home Buying, Selling & More
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