Vacation Destination Market Soars Amid Pandemic

Interesting article from Redfin. Demand for vacation homes continues to soar. To give perspective, the annual rise in demand for second homes is nearly quadruple the 34% year-over-year gain for primary homes.  

The number of buyers who locked in mortgage rates for second homes shot up a record 128% year over year in March. That marks the 10th straight month of 80%-plus annual growth. What's more, home prices in seasonal towns, where second homes are often located, are up more than prices in non-seasonal towns. The median sale price for homes in seasonal towns rose 19% year over year. 

http://redfin.sharedacard.top/3h62zryu



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