Demand for Vacation Homes in U.S. Spikes 84 Percent in Early 2021

Symbolizing Uneven Financial Recovery in the U.S.

 
National property broker Redfin says mortgage applications for second homes in the U.S. soared 84% year over year in January 2021. While that`s down from a peak 118% year-over-year increase in September 2020, it`s up significantly from a year ago and marks the eighth straight month of 80%-plus year-over-year growth.

The annual rise in second-home applications is more than double the increase in applications for primary homes. Demand for primary residences rose 36% year over year in January, down from the 65% peak in September and the smallest increase since May....

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RSK: I guess this is no surprise is it...