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The 10 Hottest Cities in the U.S. for Second Homes
The 10 Hottest Cities in the U.S. for Second Homes
Second homes are helping drive the real estate market, and these are popular locations for workers who want to get away from it all.
This story originally appeared on SmartAsset.com.
While the coronavirus pandemic has impacted millions of Americans, with businesses shuttering and companies laying off employees, the secondary home market is seeing an unexpected surge. Remote workers are temporarily relocating from larger cities to less dense, more comfortable spaces.
The real estate brokerage firm Redfin reported that the demand for second homes jumped 100% in October 2020 when compared with the previous year. This outpaces the demand for primary homes, which only saw a 50% increase during that same period in their study. Keeping in mind that many remote workers are still looking for second homes, SmartAsset crunched the numbers to find out which secondary home markets are the mo