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Second home demand surged

Thanks in part to new remote work policies, many office workers had the ability to work from new locations, including beach houses and ski chalets, the report notes. The result was a surge in interest in second homes and vacation properties.

“Homebuyer demand for second homes was up 91% from pre-pandemic levels in January, marking record growth,” the report revealed.

Source: Redfin analysis of Optimal Blue data
Note: Data is seasonally adjusted: 100=pre-pandemic (Jan-Feb 2020)

Credit: Redfin

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