According to CoinMeta, vacation homes used to be a popular choice in the real estate market, but now they have become a nightmare for sellers. Real estate agent Gary Doss from Big Bear Lake, California, said that sellers need to engage in "difficult conversations." In Gatlinburg, Tennessee, a two-bedroom cabin priced at $317,000 has been on the market for two years, with the price dropping from $850,000 to nearly $600,000, a decrease of nearly 30%. In 2021, low interest rates and a surge in vacation bookings led to a buying boom, but the short-term rental market has since stabilized, putting greater pressure on investors. According to a report by Parcl Labs, vacation home sellers in the United States are described as "the most motivated sellers." Although housing prices in many markets are still higher than they were in 2019, many vacation home owners are beginning to re-evaluate the costs and benefits of holding onto these properties.