Saturday, May 18, 2024 | The Latest Buzz for the Appraisal Industry

Second Homes, Investment Properties Rise 25% YoY

As remote work prompted many Americans to relocate during the pandemic, housing costs soared in second-home hotspots even more than the rest of the country, according to a new report from Redfin. Average rental prices rose 17.1% year-over-year nationwide to $1,893 in popular second-home markets in April. That’s compared with a 10% increase to $1,484 …

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Karen Connolly

Going to Extremes

Does the cost of homeowners insurance affect the price of a home? In some markets, the answer is increasingly yes. In recent years, insurance companies

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