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Mortgage applications require more time due to Fannie, Freddie change
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Financial False Hope, Part 2: Monetary Monotheism
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While the coronavirus pandemic has impacted millions of Americans with businesses shuttering and companies laying off employees, the secondary home market is seeing an unexpected surge. Remote workers are temporarily relocating from larger cities to less dense, more comfortable spaces.
The real estate brokerage firm Redfin reported that the demand for second homes jumped 100% in October 2020 when compared to the previous year. This outpaces the demand for primary homes, which only saw a 50% increase during that same period in their study. Keeping in mind that many remote workers are still looking for second homes, SmartAsset crunched the numbers to find out which secondary home markets are the most popular.
RiskExec s Breakout Year in 2020
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