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Second Homes: Cash Buyers and Shifting Trends | Green Bay News
The second-home market is cooling, but not as you think—mortgage activity dropped 66% since 2021, thanks to high rates and pricey properties. Yet cash buyers are quietly driving demand, especially among wealthy baby boomers, inheriting millennials, and remote workers. New construction is at an all-time high, fueling activity in hotspots like Florida and mountain towns. While these buyers boost local tax revenue, they also risk pushing out longtime residents—making this trend both a boom and a burden for communities. Listen in comfort:Get a discount on a Soli Pillow…
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