Remote Work Drives Massive Vacation-Home Sales Boom in the U.S.

From the ocean to the mountains, remote work fueled an unprecedented boom for vacation homes across the U.S.

Sales of the properties soared 16% in 2020, nearly triple the gain for all existing homes, which was 5.6%, according to the National Association of Realtors.

Buyers seeking a retreat flooded the market in the second half of last year, after Covid-19 lockdowns lifted. City-dwellers seeking out more space flocked to the mountains of Aspen, Colorado, the beaches of Miami and points in between.