Second Home Spending Spree

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Despite the nationwide rollout of COVID-19 vaccinations and a return to life as once was normal, pandemic-driven demand for second homes is soaring, as many remote workers are opting to spend at least part of their time in vacation destinations, even as some companies are planning for workers to return to the office. According to Redfin, the number of home buyers who locked in mortgage rates for second homes shot up a record 128% year-over-year in March, marking the 10th consecutive month of 80%-plus annual growth.

Second home sales continue to soar

Read more on the M Report…

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