【World Property Journal】Affluent Second Home Demand in 2021 Doubles Pre-Pandemic Levels in U.S.

National property broker Redfin is reporting this week the number of U.S. buyers who locked in mortgage rates for second homes soared 178% year over year in April 2021, marking the 11th straight month of 80%-plus growth.

The record increase should be taken in context: It is likely exaggerated because demand for second homes dropped 24% year over year last April, the month after the coronavirus pandemic hit the U.S. and real estate activity in the country nearly ground to a halt. Still, second-home mortgage rate locks are holding steady at more than double pre-pandemic levels.

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