Markets with the highest concentrations of vacation homes saw a more exaggerated bubble and bust cycle than the rest of the housing market
- Markets with the highest densities of vacation homes remain 9 percent below their pre-crisis peak value, while those where vacation homes are least common are 14 percent above their peak.
- During the housing boom, home values in vacation markets climbed 117 percent, compared to an 83 percent increase in markets with the smallest share of vacation homes.
- Vacation markets have seen slower home-value appreciation than the overall market in all but one year since 2010.
PR Newswire
SEATTLE, June 13, 2018
