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Home showings picked up in September as mortgage rates continued to trend down, making a home purchase more affordable.
Vacation homes can cost less than $100,000 in these counties in Maine, New York, Pennsylvania, Missouri, and Michigan.
Top vacation home counties are those where the vacant housing for seasonal, recreational, or occasional use made up 20% or more of the county’s total housing stock.
States with the strongest gains were Utah (3.0%), Nevada (3.0%), Washington (2.5%), Arizona (2.5%), Florida (2.5%), Oregon (2.3%), Texas (2.3%), Idaho (2.2%), New Hampshire (2.2%), South Dakota (2.2%), and Colorado (2.1%).
Forty-eight percent of renters compared to 73% of owners think now is a good time to buy.
Home showings remained flat in July despite lower mortgage rates, as potential buyers appeared to have become more cautious given current economic conditions.