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Looking closely at the early months of COVID-19 chaos in 2020, the S&P 500 index drastically dropped 33% from its peak of around 3,400 to below 2,300 between January and June. In particular, the median home prices declined 3.4%, falling from $329,000 to $317,700 in the early quarters of 2020.

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Here are some common reasons for buying a vacation rental or home: Getaways – you want to use the property for your family, friend, and personal getaways and rent it short-term to help cover the cost of ownership. Investment – the primary goal of buying a vacation property is as an investment.

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