【World Property Journal】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 analysis of the 10 U.S. housing markets that have heated up most over the past year, and the 10 that have cooled down most. Redfin's ranking is based on year-over-year change in home prices, home sales, the share of homes that sold above their list price, the speed of home sales and Redfin.com searches.

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