Top Vacation Real Estate News

47.9 Million Americans Will Travel This July 4th Weekend

This week AAA predicts 47.9 million people will travel 50 miles or more from home over the July 4th holiday weekend (June 30 - July 4). This is an increase of 3.7% over 2021, bringing travel volumes just shy of those seen in 2019.

High Prices, Rising Rates, Economic Uncertainty Ends Vacation Home Boom in America

Based on a new report by national property broker Redfin, consumer demand for U.S. vacation homes has fallen below the pre-pandemic baseline for the first time in two years, with mortgage-rate locks for second homes down 4% from before the pandemic in May 2022.

Post Covid, New York City Hotel Market on the Road to Recovery

Global property consultant CBRE is raising its forecasts of hotel performance for 2022 and beyond, based on Q1 2022 strength, continued slowing of construction activity, higher inflation and continued optimism about employment and economic growth.

Fast Rising Gas Prices to Impede U.S. Vacation Travel in H2 of 2022

According to AAA, the national average price for gasoline exceeded $5 a gallon over the weekend. The average price is also above $5 a gallon in 21 states and the District of Columbia. Florida's state average has not exceeded the $5 threshold, yet it's not far off.

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