BY BRAD BECKETT ON MAY 20, 2021
Redfin says the rise in demand for second homes is more than twice the increase for primary homes, with the number of buyers who locked in mortgage rates for primary homes rising a whopping 178% from one year ago. Click here to read more.
They say that these second-home buyers are “out in full force” as many so-called wealthy Americans work remotely from vacation destinations. Indeed…
“Demand for vacation homes remains elevated as wealthy Americans continue to have the freedom to work remotely and earn money from robust stock portfolios and rising home values. Even as some offices start to reopen, many Americans plan to work remotely for the long term, at least part of the time.”