Remote Work Drives Massive Vacation-Home Sales Boom in the U.S.

In vacation-home counties, the median sale price of an existing property rose 14%, compared with a 10% gain in other counties, the Realtors group said in a report Tuesday. (Bloomberg) -- From the ocean to the mountains, remote work fueled an unprecedented boom for vacation homes across the U.S. Sales of the properties soared 16% in 2020, nearly triple the gain for all existing homes, which was 5.6%, according to the National Association of Realtors. [Extracted from the article]
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