Tag: Buyers

Coronavirus Pandemic Drove U.S. Home Buyers Toward Vacation Towns

National property broker Redfin is reporting U.S. housing markets in vacation destinations and relatively affordable suburbs of big cities have heated up more than any other area over the last year, a time period that starts with the onset of the coronavirus pandemic in 2020.

Places like Lake Tahoe, Cape Cod, and suburbs of Chicago and New York City are gaining popularity as homebuyers take advantage of remote-work policies to prioritize affordability and personal preferences like proximity to nature and recreation over living near the office.

This is according to a Redfin

Vacation Housing Markets Trending Higher with Buyers Amid Pandemic

Based on new data from Zillow, impacts from the coronavirus pandemic have rippled out to traditional U.S. vacation destinations, which are seeing increased interest from homebuyers as shifting priorities and preferences transform where and how people want to live.

Page views on Zillow of for-sale listings are up nearly 50% from a year ago in metro areas typically considered vacation destinations, defined as metros with at least 65,000 people and five times more vacation homes than the U.S. as a whole. That’s compared to a 37% increase in page views nationally.  Vacation metros seeing an uptick in demand include places