The Housing Slowdown Is Wreaking Havoc on the Short-Term Rental Market

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The Housing Slowdown Is Wreaking Havoc on the Short-Term Rental Market
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'I've felt a massive drop.' Vacation-rental owners across the U.S. are seeing bookings coming to a screeching halt—and not because renters have disappeared.

Lilly Lazarus at one of her six vacation rental homes in Houston. Like many short-term rental homeowners, her properties have recently received fewer bookings than usual.Sabrina Must is wondering where her vacation rental bookings have gone.

“I would have made upwards of $12,000 in a month in the summer,” says Ms. Must, 37, who for just over three years has short-term rented her two-bedroom, one-bathroom property in Encinitas, Calif., a beach town located about 25 miles north of San Diego. “Any weekend I wanted to be booked during the pandemic, I was booked. It was kind of like that prepandemic. Not as busy, but still busy.”

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