Vacation-home purchases in the U.S. dropped 65.8% from 2021 to 2025 due to higher mortgage rates and home prices, with Florida seeing the largest decline in volume and Nevada the steepest percentage drop. Meanwhile, the timeshare market grew significantly, with sales and rental revenues more than doubling since 2020. Timeshare interest is concentrated in the U.S., especially Florida, Hawaii, and Nevada, reflecting shifts in consumer preferences amid affordability challenges.