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Wealthy Buyers Drive Vacation Home Surge | Durham News
Vacation homes are seeing a surge in demand—but it’s not the broad recovery you think. Driven by a small, ultra-wealthy cohort, second-home mortgages are booming, with 85% going to earners making nearly $300K annually—more than triple the national median. This signals a K-shaped economy: the rich are back, while most households remain locked out. Luxury markets like West Palm Beach are thriving, while rental-heavy cities like Orlando and Vegas see declining interest. For the average buyer, high rates and down payment barriers still keep the dream on hold. Listen in comfort:Get a discount on a…
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