{"id":8094,"date":"2026-07-29T04:24:54","date_gmt":"2026-07-29T11:24:54","guid":{"rendered":"https:\/\/blog.loaning.ai\/en\/?p=8094"},"modified":"2026-07-29T04:24:57","modified_gmt":"2026-07-29T11:24:57","slug":"second-home-mortgage-demand-2025-rebound","status":"publish","type":"post","link":"https:\/\/blog.loaning.ai\/en\/8094\/","title":{"rendered":"Second-Home Mortgages Rise for the First Time in Four Years"},"content":{"rendered":"\n<div class=\"loaning-key-takeaways\">\n  <h2>Key Takeaway \ud83d\udd0e<\/h2>\n\n  <ul>\n    <li>\n     Second-home mortgage demand is recovering, but the improvement is narrow and wealth-driven. The market remains far below its pandemic peak, making local demand, total ownership costs and realistic rental assumptions more important than the national growth rate alone.\n    <\/li>\n  \n  <\/ul>\n<\/div>\n\n<style>\n.loaning-key-takeaways {\n  box-sizing: border-box;\n  margin: 28px 0;\n  padding: 20px 22px;\n  background: #f8f9fa;\n  border-radius: 10px;\n  color: #374151;\n  font-family: inherit;\n}\n\n.loaning-key-takeaways h2 {\n  margin: 0 0 12px;\n  color: #1f2937;\n  font-size: 18px;\n  font-weight: 700;\n  line-height: 1.4;\n}\n\n.loaning-key-takeaways ul {\n  display: flex;\n  flex-direction: column;\n  gap: 8px;\n  margin: 0;\n  padding: 0;\n  list-style: none;\n}\n\n.loaning-key-takeaways li {\n  position: relative;\n  margin: 0;\n  padding-left: 22px;\n  color: #4b5563;\n  font-size: 15px;\n  line-height: 1.55;\n}\n\n.loaning-key-takeaways li::before {\n  content: \"\u2713\";\n  position: absolute;\n  top: 5px;\n  left: 0;\n  width: 13px;\n  height: 13px;\n  border-radius: 50%;\n  background-color: #458361;\n  color: #ffffff;\n  font-size: 8px;\n  font-weight: 700;\n  line-height: 13px;\n  text-align: center;\n}\n\n@media (max-width: 768px) {\n  .loaning-key-takeaways {\n    margin: 22px 0;\n    padding: 16px 14px;\n    border-radius: 8px;\n  }\n\n  .loaning-key-takeaways h2 {\n    margin-bottom: 10px;\n    font-size: 16px;\n  }\n\n  .loaning-key-takeaways ul {\n    gap: 7px;\n  }\n\n  .loaning-key-takeaways li {\n    padding-left: 20px;\n    font-size: 14px;\n    line-height: 1.5;\n  }\n\n  .loaning-key-takeaways li::before {\n    top: 4px;\n    width: 12px;\n    height: 12px;\n    font-size: 7px;\n    line-height: 12px;\n  }\n}\n<\/style>\n\n\n\n<p class=\"wp-block-paragraph\">U.S. homebuyers took out 4.1% more mortgages for second homes in 2025 than in 2024, marking the first annual increase in four years. The rebound outpaced the 1% rise in primary-home mortgages, but it remains modest compared with the pandemic-era vacation-home boom.<\/p>\n\n\n\n<p class=\"has-white-color has-text-color has-link-color wp-elements-1 wp-block-paragraph\">.<\/p>\n\n\n\n<h2 id=\"h-the-rebound-started-from-a-very-low-base\" class=\"wp-block-heading\" style=\"font-size:24px\"><strong>The rebound started from a very low base<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Redfin analyzed Home Mortgage Disclosure Act data covering purchases of second homes, primary residences and investment properties from 2018 through 2025. Second-home mortgage originations had declined each year after peaking in 2021 before turning positive in 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Part of the increase reflects a base effect. Second-home purchases had fallen to roughly half of their pre-pandemic level in 2024, so even a small improvement in demand was enough to create the first annual gain since the boom. The market is recovering from a low point, not returning to pandemic-level activity.<\/p>\n\n\n\n<style>\n  .second-home-chart {\n    width: 100%;\n    max-width: 100%;\n    margin: 32px auto;\n    padding: 0;\n    overflow: visible;\n    background: #fff;\n    color: #111;\n    font-family: Arial, Helvetica, sans-serif;\n    box-sizing: border-box;\n  }\n\n  .second-home-chart *,\n  .second-home-chart *::before,\n  .second-home-chart *::after {\n    box-sizing: border-box;\n  }\n\n  \/* \ucc28\ud2b8 \uc81c\ubaa9 *\/\n  .second-home-chart__title {\n    margin: 0 0 10px !important;\n    padding: 0 !important;\n    font-size: clamp(22px, 2.5vw, 28px) !important;\n    font-weight: 700 !important;\n    line-height: 1.3 !important;\n    letter-spacing: -0.3px;\n  }\n\n  \/* \ucc28\ud2b8 \uc124\uba85 *\/\n  .second-home-chart__subtitle {\n    margin: 0 0 20px !important;\n    padding: 0 !important;\n    font-size: clamp(15px, 1.8vw, 18px) !important;\n    font-weight: 400;\n    line-height: 1.45;\n  }\n\n  .second-home-chart__body {\n    display: grid;\n    grid-template-columns: 68px minmax(0, 1fr);\n    width: 100%;\n  }\n\n  \/* Y\ucd95 \uc22b\uc790 *\/\n  .second-home-chart__axis {\n    position: relative;\n    height: clamp(300px, 42vw, 420px);\n  }\n\n  .second-home-chart__axis span {\n    position: absolute;\n    right: 9px;\n    color: #999;\n    font-size: clamp(11px, 1.4vw, 15px);\n    line-height: 1;\n    white-space: nowrap;\n    transform: translateY(-50%);\n  }\n\n  .second-home-chart__axis .axis-250 { top: 3.85%; }\n  .second-home-chart__axis .axis-200 { top: 23.08%; }\n  .second-home-chart__axis .axis-150 { top: 42.31%; }\n  .second-home-chart__axis .axis-100 { top: 61.54%; }\n  .second-home-chart__axis .axis-50  { top: 80.77%; }\n\n  \/* \uadf8\ub798\ud504 \uc601\uc5ed *\/\n  .second-home-chart__plot {\n    position: relative;\n    width: 100%;\n    min-width: 0;\n    height: clamp(300px, 42vw, 420px);\n    overflow: visible;\n    border-bottom: 2px solid #555;\n  }\n\n  \/* \uac00\ub85c \uae30\uc900\uc120 *\/\n  .second-home-chart__gridline {\n    position: absolute;\n    left: 0;\n    z-index: 0;\n    width: 100%;\n    height: 1px;\n    background: #ddd;\n  }\n\n  .second-home-chart__gridline.grid-250 { top: 3.85%; }\n  .second-home-chart__gridline.grid-200 { top: 23.08%; }\n  .second-home-chart__gridline.grid-150 { top: 42.31%; }\n  .second-home-chart__gridline.grid-100 { top: 61.54%; }\n  .second-home-chart__gridline.grid-50  { top: 80.77%; }\n\n  \/* \ub9c9\ub300 \uc804\uccb4 *\/\n  .second-home-chart__bars {\n    position: absolute;\n    inset: 0;\n    z-index: 1;\n    display: grid;\n    grid-template-columns: repeat(8, minmax(0, 1fr));\n    align-items: end;\n    column-gap: clamp(4px, 1vw, 12px);\n    width: 100%;\n    height: 100%;\n    margin: 0 !important;\n    padding: 0 1% !important;\n    list-style: none !important;\n  }\n\n  .second-home-chart__item {\n    position: relative;\n    width: 100%;\n    min-width: 0;\n    height: var(--bar-height);\n    margin: 0 !important;\n    padding: 0 !important;\n    overflow: visible;\n    list-style: none !important;\n  }\n\n  .second-home-chart__item::before,\n  .second-home-chart__item::marker {\n    display: none;\n    content: \"\";\n  }\n\n  .second-home-chart__bar {\n    position: absolute;\n    inset: 0;\n    display: flex;\n    justify-content: center;\n    min-width: 0;\n    overflow: visible;\n    background: #1f9fc6;\n  }\n\n  .second-home-chart__item:last-child .second-home-chart__bar {\n    background: #087d9e;\n  }\n\n  \/* \ub9c9\ub300 \uc548 \uc218\uce58 *\/\n  .second-home-chart__value {\n    position: relative;\n    z-index: 10;\n    display: block;\n    width: max-content;\n    max-width: none;\n    margin: 0;\n    padding: 9px 0 0;\n    color: #c6e7ef;\n    font-size: clamp(9px, 1.05vw, 13px);\n    font-weight: 700;\n    line-height: 1;\n    letter-spacing: -0.2px;\n    text-align: center;\n    white-space: nowrap;\n    overflow: visible;\n    text-shadow: 0 1px 2px rgba(0, 0, 0, 0.28);\n  }\n\n  .second-home-chart__item:last-child .second-home-chart__value {\n    color: #fff;\n    font-weight: 800;\n  }\n\n  \/* \uc5f0\ub3c4 *\/\n  .second-home-chart__year {\n    position: absolute;\n    top: calc(100% + 10px);\n    left: 50%;\n    z-index: 5;\n    color: #707070;\n    font-size: clamp(11px, 1.5vw, 15px);\n    line-height: 1;\n    white-space: nowrap;\n    transform: translateX(-50%);\n  }\n\n  .second-home-chart__item:last-child .second-home-chart__year {\n    font-weight: 800;\n  }\n\n  \/* \ucd9c\ucc98 *\/\n  .second-home-chart__source {\n    margin: 58px 0 0 68px;\n    color: #7c7c7c;\n    font-size: clamp(12px, 1.4vw, 14px);\n    line-height: 1.5;\n  }\n\n  .second-home-chart__source a {\n    color: #0784c1;\n    text-decoration: none;\n  }\n\n  .second-home-chart__source a:hover {\n    text-decoration: underline;\n  }\n\n  \/* \ubaa8\ubc14\uc77c *\/\n  @media (max-width: 600px) {\n    .second-home-chart {\n      margin: 24px auto;\n    }\n\n    .second-home-chart__title {\n      font-size: 21px !important;\n      line-height: 1.3 !important;\n    }\n\n    .second-home-chart__subtitle {\n      margin-bottom: 16px !important;\n      font-size: 14px !important;\n    }\n\n    .second-home-chart__body {\n      grid-template-columns: 46px minmax(0, 1fr);\n    }\n\n    .second-home-chart__axis,\n    .second-home-chart__plot {\n      height: 290px;\n    }\n\n    .second-home-chart__axis span {\n      right: 5px;\n      font-size: 9px;\n    }\n\n    .second-home-chart__bars {\n      column-gap: 3px;\n      padding: 0 !important;\n    }\n\n    .second-home-chart__value {\n      padding-top: 6px;\n      font-size: 7px;\n      letter-spacing: -0.3px;\n    }\n\n    .second-home-chart__year {\n      top: calc(100% + 8px);\n      font-size: 9px;\n    }\n\n    .second-home-chart__source {\n      margin: 48px 0 0 46px;\n      font-size: 11px;\n    }\n  }\n<\/style>\n\n<figure\n  class=\"second-home-chart\"\n  aria-labelledby=\"second-home-chart-title\"\n  aria-describedby=\"second-home-chart-description second-home-chart-source\"\n>\n  <h2\n    id=\"second-home-chart-title\"\n    class=\"second-home-chart__title\"\n  >\n    Demand For Second Homes Ticked Up in 2025\n  <\/h2>\n\n  <p\n    id=\"second-home-chart-description\"\n    class=\"second-home-chart__subtitle\"\n  >\n    Number of U.S. mortgage originations for second homes, by year\n  <\/p>\n\n  <div class=\"second-home-chart__body\">\n    <div class=\"second-home-chart__axis\" aria-hidden=\"true\">\n      <span class=\"axis-250\">250,000<\/span>\n      <span class=\"axis-200\">200,000<\/span>\n      <span class=\"axis-150\">150,000<\/span>\n      <span class=\"axis-100\">100,000<\/span>\n      <span class=\"axis-50\">50,000<\/span>\n    <\/div>\n\n    <div\n      class=\"second-home-chart__plot\"\n      role=\"img\"\n      aria-label=\"U.S. second-home mortgage originations were 175,644 in 2018, 179,536 in 2019, 229,199 in 2020, 258,289 in 2021, 150,342 in 2022, 90,776 in 2023, 86,870 in 2024, and 90,413 in 2025.\"\n    >\n      <span class=\"second-home-chart__gridline grid-250\"><\/span>\n      <span class=\"second-home-chart__gridline grid-200\"><\/span>\n      <span class=\"second-home-chart__gridline grid-150\"><\/span>\n      <span class=\"second-home-chart__gridline grid-100\"><\/span>\n      <span class=\"second-home-chart__gridline grid-50\"><\/span>\n\n      <ol class=\"second-home-chart__bars\">\n        <li\n          class=\"second-home-chart__item\"\n          style=\"--bar-height: 67.56%;\"\n        >\n          <div class=\"second-home-chart__bar\">\n            <span class=\"second-home-chart__value\">175,644<\/span>\n          <\/div>\n          <span class=\"second-home-chart__year\">2018<\/span>\n        <\/li>\n\n        <li\n          class=\"second-home-chart__item\"\n          style=\"--bar-height: 69.05%;\"\n        >\n          <div class=\"second-home-chart__bar\">\n            <span class=\"second-home-chart__value\">179,536<\/span>\n          <\/div>\n          <span class=\"second-home-chart__year\">2019<\/span>\n        <\/li>\n\n        <li\n          class=\"second-home-chart__item\"\n          style=\"--bar-height: 88.15%;\"\n        >\n          <div class=\"second-home-chart__bar\">\n            <span class=\"second-home-chart__value\">229,199<\/span>\n          <\/div>\n          <span class=\"second-home-chart__year\">2020<\/span>\n        <\/li>\n\n        <li\n          class=\"second-home-chart__item\"\n          style=\"--bar-height: 99.34%;\"\n        >\n          <div class=\"second-home-chart__bar\">\n            <span class=\"second-home-chart__value\">258,289<\/span>\n          <\/div>\n          <span class=\"second-home-chart__year\">2021<\/span>\n        <\/li>\n\n        <li\n          class=\"second-home-chart__item\"\n          style=\"--bar-height: 57.82%;\"\n        >\n          <div class=\"second-home-chart__bar\">\n            <span class=\"second-home-chart__value\">150,342<\/span>\n          <\/div>\n          <span class=\"second-home-chart__year\">2022<\/span>\n        <\/li>\n\n        <li\n          class=\"second-home-chart__item\"\n          style=\"--bar-height: 34.91%;\"\n        >\n          <div class=\"second-home-chart__bar\">\n            <span class=\"second-home-chart__value\">90,776<\/span>\n          <\/div>\n          <span class=\"second-home-chart__year\">2023<\/span>\n        <\/li>\n\n        <li\n          class=\"second-home-chart__item\"\n          style=\"--bar-height: 33.41%;\"\n        >\n          <div class=\"second-home-chart__bar\">\n            <span class=\"second-home-chart__value\">86,870<\/span>\n          <\/div>\n          <span class=\"second-home-chart__year\">2024<\/span>\n        <\/li>\n\n        <li\n          class=\"second-home-chart__item\"\n          style=\"--bar-height: 34.77%;\"\n        >\n          <div class=\"second-home-chart__bar\">\n            <span class=\"second-home-chart__value\">90,413<\/span>\n          <\/div>\n          <span class=\"second-home-chart__year\">2025<\/span>\n        <\/li>\n      <\/ol>\n    <\/div>\n  <\/div>\n\n  <figcaption\n    id=\"second-home-chart-source\"\n    class=\"second-home-chart__source\"\n  >\n    Source:\n    <a\n      href=\"https:\/\/www.redfin.com\/news\/\"\n      target=\"_blank\"\n      rel=\"noopener noreferrer\"\n    >\n      Redfin analysis of HMDA data\n    <\/a>\n  <\/figcaption>\n<\/figure>\n\n\n\n<p class=\"has-white-color has-text-color has-link-color wp-elements-2 wp-block-paragraph\">.<\/p>\n\n\n\n<h2 id=\"h-affluent-buyers-are-driving-the-recovery\" class=\"wp-block-heading\" style=\"font-size:24px\"><strong>Affluent buyers are driving the recovery<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">High earners received 85.2% of second-home mortgages in 2025, and their median income was $294,000. The typical second home was valued at $515,000, compared with $395,000 for a primary residence. Those figures help explain why second-home activity can improve even while affordability remains difficult for many first-time and primary-home buyers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The market was also concentrated by age and race. Buyers ages 45 to 64 accounted for 58.7% of second-home mortgages, while 81.5% went to white borrowers. These figures describe who received mortgages in the HMDA data; they do not include vacation homes purchased entirely with cash.<\/p>\n\n\n\n<p class=\"has-white-color has-text-color has-link-color wp-elements-3 wp-block-paragraph\">.<\/p>\n\n\n\n<h2 id=\"h-second-home-loans-remain-a-small-share-of-the-market\" class=\"wp-block-heading\" style=\"font-size:24px\"><strong>Second-home loans remain a small share of the market<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Second-home mortgages represented 2.7% of all mortgage originations in 2025, only slightly above 2.6% in 2024 and well below the 5.1% peak in 2021. Primary-home buyers accounted for 87.7% of originations, while investment properties represented 9.6%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Elevated mortgage rates and record home prices continue to limit demand. Remote-work flexibility has also declined as more employees return to offices, while cooling long- and short-term rental markets have made the potential income from a vacation property less attractive.<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table class=\"has-fixed-layout\"><tbody><tr><td colspan=\"5\"><strong>Metro-level summary: Mortgages for second homes, 2025<\/strong><em>50 most populous U.S. metros. HMDA data.&nbsp;<\/em><\/td><\/tr><tr><td><strong>U.S. metro area<\/strong><\/td><td><strong>Second-home mortgage originations<\/strong><\/td><td><strong>Second-home mortgage originations, YoY change<\/strong><\/td><td><strong>Share of total mortgage originations that were for second homes<\/strong><\/td><td><strong>Median value of second homes<\/strong><\/td><\/tr><tr><td>Anaheim, CA<\/td><td>364<\/td><td>-8.5%<\/td><td>2.3%<\/td><td>$1,675,000<\/td><\/tr><tr><td>Atlanta, GA<\/td><td>645<\/td><td>-3.2%<\/td><td>0.9%<\/td><td>$455,000<\/td><\/tr><tr><td>Austin, TX<\/td><td>387<\/td><td>3.5%<\/td><td>1.2%<\/td><td>$545,000<\/td><\/tr><tr><td>Baltimore, MD<\/td><td>289<\/td><td>21.4%<\/td><td>1.0%<\/td><td>$595,000<\/td><\/tr><tr><td>Boston, MA<\/td><td>531<\/td><td>22.6%<\/td><td>1.4%<\/td><td>$885,000<\/td><\/tr><tr><td>Charlotte, NC<\/td><td>531<\/td><td>2.9%<\/td><td>1.3%<\/td><td>$495,000<\/td><\/tr><tr><td>Chicago, IL<\/td><td>543<\/td><td>13.6%<\/td><td>0.8%<\/td><td>$415,000<\/td><\/tr><tr><td>Cincinnati, OH<\/td><td>216<\/td><td>19.3%<\/td><td>0.8%<\/td><td>$355,000<\/td><\/tr><tr><td>Cleveland, OH<\/td><td>138<\/td><td>5.3%<\/td><td>0.6%<\/td><td>$315,000<\/td><\/tr><tr><td>Columbus, OH<\/td><td>213<\/td><td>9.2%<\/td><td>0.8%<\/td><td>$425,000<\/td><\/tr><tr><td>Dallas, TX<\/td><td>457<\/td><td>-3.4%<\/td><td>0.7%<\/td><td>$475,000<\/td><\/tr><tr><td>Denver, CO<\/td><td>555<\/td><td>16.1%<\/td><td>1.4%<\/td><td>$665,000<\/td><\/tr><tr><td>Detroit, MI<\/td><td>95<\/td><td>1.1%<\/td><td>0.6%<\/td><td>$275,000<\/td><\/tr><tr><td>Fort Lauderdale, FL<\/td><td>495<\/td><td>1.2%<\/td><td>3.0%<\/td><td>$605,000<\/td><\/tr><tr><td>Fort Worth, TX<\/td><td>198<\/td><td>9.4%<\/td><td>0.7%<\/td><td>$445,000<\/td><\/tr><tr><td>Houston, TX<\/td><td>933<\/td><td>-11.1%<\/td><td>1.1%<\/td><td>$405,000<\/td><\/tr><tr><td>Indianapolis, IN<\/td><td>276<\/td><td>26.6%<\/td><td>0.9%<\/td><td>$375,000<\/td><\/tr><tr><td>Jacksonville, FL<\/td><td>612<\/td><td>4.8%<\/td><td>2.5%<\/td><td>$485,000<\/td><\/tr><tr><td>Kansas City, MO<\/td><td>222<\/td><td>6.2%<\/td><td>0.8%<\/td><td>$395,000<\/td><\/tr><tr><td>Las Vegas, NV<\/td><td>749<\/td><td>-20.9%<\/td><td>2.7%<\/td><td>$515,000<\/td><\/tr><tr><td>Los Angeles, CA<\/td><td>412<\/td><td>-19.8%<\/td><td>1.0%<\/td><td>$1,350,000<\/td><\/tr><tr><td>Miami, FL<\/td><td>366<\/td><td>-10.5%<\/td><td>2.1%<\/td><td>$885,000<\/td><\/tr><tr><td>Milwaukee, WI<\/td><td>144<\/td><td>0.0%<\/td><td>0.9%<\/td><td>$425,000<\/td><\/tr><tr><td>Minneapolis, MN<\/td><td>503<\/td><td>10.5%<\/td><td>1.1%<\/td><td>$465,000<\/td><\/tr><tr><td>Montgomery County, PA<\/td><td>103<\/td><td>28.8%<\/td><td>0.5%<\/td><td>$620,000<\/td><\/tr><tr><td>Nashville, TN<\/td><td>425<\/td><td>-2.5%<\/td><td>1.5%<\/td><td>$550,000<\/td><\/tr><tr><td>Nassau County, NY<\/td><td>704<\/td><td>10.3%<\/td><td>3.2%<\/td><td>$1,915,000<\/td><\/tr><tr><td>New Brunswick, NJ<\/td><td>1060<\/td><td>13.0%<\/td><td>4.6%<\/td><td>$1,045,000<\/td><\/tr><tr><td>New York, NY<\/td><td>888<\/td><td>8.4%<\/td><td>1.7%<\/td><td>$975,000<\/td><\/tr><tr><td>Newark, NJ<\/td><td>255<\/td><td>5.4%<\/td><td>1.4%<\/td><td>$415,000<\/td><\/tr><tr><td>Oakland, CA<\/td><td>96<\/td><td>-1.0%<\/td><td>0.5%<\/td><td>$995,000<\/td><\/tr><tr><td>Orlando, FL<\/td><td>911<\/td><td>-14.5%<\/td><td>2.7%<\/td><td>$445,000<\/td><\/tr><tr><td>Philadelphia, PA<\/td><td>103<\/td><td>-17.6%<\/td><td>0.6%<\/td><td>$355,000<\/td><\/tr><tr><td>Phoenix, AZ<\/td><td>2033<\/td><td>9.8%<\/td><td>3.2%<\/td><td>$545,000<\/td><\/tr><tr><td>Pittsburgh, PA<\/td><td>183<\/td><td>5.2%<\/td><td>0.8%<\/td><td>$290,000<\/td><\/tr><tr><td>Portland, OR<\/td><td>260<\/td><td>4.8%<\/td><td>1.0%<\/td><td>$575,000<\/td><\/tr><tr><td>Providence, RI<\/td><td>377<\/td><td>12.9%<\/td><td>2.5%<\/td><td>$895,000<\/td><\/tr><tr><td>Riverside, CA<\/td><td>1464<\/td><td>2.7%<\/td><td>3.8%<\/td><td>$675,000<\/td><\/tr><tr><td>Sacramento, CA<\/td><td>470<\/td><td>7.1%<\/td><td>2.0%<\/td><td>$800,000<\/td><\/tr><tr><td>San Antonio, TX<\/td><td>430<\/td><td>5.1%<\/td><td>1.3%<\/td><td>$345,000<\/td><\/tr><tr><td>San Diego, CA<\/td><td>440<\/td><td>21.5%<\/td><td>2.1%<\/td><td>$1,270,000<\/td><\/tr><tr><td>San Francisco, CA<\/td><td>143<\/td><td>9.2%<\/td><td>1.7%<\/td><td>$1,315,000<\/td><\/tr><tr><td>San Jose, CA<\/td><td>84<\/td><td>5.0%<\/td><td>0.8%<\/td><td>$1,505,000<\/td><\/tr><tr><td>Seattle, WA<\/td><td>312<\/td><td>17.7%<\/td><td>1.1%<\/td><td>$835,000<\/td><\/tr><tr><td>St. Louis, MO<\/td><td>293<\/td><td>-1.3%<\/td><td>0.9%<\/td><td>$325,000<\/td><\/tr><tr><td>Tampa, FL<\/td><td>1107<\/td><td>-13.8%<\/td><td>2.6%<\/td><td>$425,000<\/td><\/tr><tr><td>Virginia Beach, VA<\/td><td>397<\/td><td>-7.5%<\/td><td>1.6%<\/td><td>$555,000<\/td><\/tr><tr><td>Warren, MI<\/td><td>278<\/td><td>2.6%<\/td><td>1.0%<\/td><td>$385,000<\/td><\/tr><tr><td>Washington, DC<\/td><td>449<\/td><td>6.4%<\/td><td>0.9%<\/td><td>$645,000<\/td><\/tr><tr><td>West Palm Beach, FL<\/td><td>836<\/td><td>1.2%<\/td><td>5.5%<\/td><td>$695,000<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-white-color has-text-color has-link-color wp-elements-4 wp-block-paragraph\">.<\/p>\n\n\n\n<h2 id=\"h-vacation-home-demand-varies-sharply-by-location\" class=\"wp-block-heading\" style=\"font-size:24px\"><strong>Vacation-home demand varies sharply by location<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Second-home loans had their largest share in West Palm Beach, where they made up just under 6% of 2025 mortgage originations. New Brunswick, New Jersey, which includes the Jersey Shore, followed at 4.6%, and Riverside, California, which includes Palm Springs, ranked third at 3.8%.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Originations increased in 35 of the 50 largest U.S. metros, but the fastest growth did not always indicate a large vacation-home market. Montgomery County, Pennsylvania, rose 28.8% and Indianapolis rose 26.6%, yet second homes remained less than 1% of mortgages in both places. Las Vegas, Los Angeles and Philadelphia posted the largest declines.<\/p>\n\n\n\n<p class=\"has-white-color has-text-color has-link-color wp-elements-5 wp-block-paragraph\">.<\/p>\n\n\n\n<h2 id=\"h-what-prospective-second-home-buyers-should-consider\" class=\"wp-block-heading\" style=\"font-size:24px\"><strong>What prospective second-home buyers should consider<\/strong><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The pickup suggests that financially flexible buyers are re-entering selected vacation markets, not that second homes have become broadly affordable. A buyer should compare the full carrying cost, including the mortgage payment, property taxes, insurance, maintenance, travel and potential vacancy.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Expected rental income should be evaluated conservatively because local restrictions, seasonality and softer rental demand can change the economics. Financing terms and property-use requirements should also be confirmed with the lender before making an offer.<\/p>\n\n\n\n<div class=\"wp-block-buttons loaning_cta_bottom is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/loaning.ai\/AIMortgageRate?purposeLoan=home_purchase?utm_source=blog_official&amp;utm_medium=loaning_en&amp;utm_campaign=news&amp;utm_content=news_economy_0730\" style=\"background-color:#49cf7e\"><strong>\ud83d\udc49 Check My Mortgage Rate<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<p class=\"has-white-color has-text-color has-link-color wp-elements-6 wp-block-paragraph\">.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaway \ud83d\udd0e Second-home mortgage demand is recovering, but the improvement is narrow and wealth-driven. The market remains far below its pandemic peak, making local demand, total ownership costs and realistic rental assumptions more important than the national growth rate alone. U.S. homebuyers took out 4.1% more mortgages for second homes in 2025 than in [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":7468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard"},"jnews_primary_category":[],"footnotes":""},"categories":[443],"tags":[],"class_list":["post-8094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.2 (Yoast SEO v28.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Second-Home Mortgage Demand Rises for First Time Since 2021<\/title>\n<meta name=\"description\" content=\"Second-home mortgage demand rose 4.1% in 2025, but vacation-home loans remained only 2.7% of originations and were concentrated among affluent buyers.\" \/>\n<meta name=\"robots\" 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