Mortgage rates are up, as new data shows annual inflation has reached its highest level since 2023.The average rate on a 30-year fixed-rate mortgage rose six basis points to 6.43% APR in the week ending June 11, according to rates provided to NerdWallet by Zillow. (A basis point is one one-hundredth of a percentage point.)...
(The Center Square) – Gov. Josh Shapiro met with Ontario Premier Doug Ford in Toronto on Wednesday to sign an agreement aimed at strengthening the economic relationship between the two jurisdictions.
(The Center Square) - Brooke Rollins, secretary of the U.S. Department of Agriculture, on Thursday defended tax policies to support farmers and called for more domestic manufacturing of fertilizer amid the conflict with Iran.
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Vacation home purchases fell by nearly two-thirds from 2021 to 2025 amid soaring prices and mortgage rates
Despite persistent inflation, U.S. timeshare sales volume and rental revenues have both more than doubled since their 2020 lows
While Mexico and Aruba lead international interest, the U.S. dominates timeshare purchase offer volumes—driven by Florida, Hawaii, and Nevada
Florida led the U.S. with over 38,000 fewer vacation home purchases, but Nevada, Hawaii, and Wyoming saw the sharpest percentage declines
The pandemic-era vacation-home boom appears to be unraveling. A new analysis found that U.S. vacation-home purchases financed with a mortgage fell 65.8% between 2021 and 2025, dropping from 257,549 purchases to just 88,158 nationwide. Because vacation homes are typically discretionary purchases, the category can also act as a leading indicator for broader economic conditions. Sharp declines in second-home buying may reflect changing consumer confidence, affordability pressures, and reduced financial flexibility—even among higher-income households that traditionally drive resort and leisure real estate markets. The report examines where second-home demand has declined the most across the country, ranking states and metro areas based on the change in vacation-home mortgage originations since the height of the pandemic housing boom.
