The vacation-home market has boomed over the past year and is not likely to slow any time soon, even as the rest of the housing market starts to cool, Lawrence Yun, chief economist for the National Association of REALTORS®, told The Escape Home, a newsletter for second-home owners.

Even as companies bring employees back to the office, vacation homes will remain in demand, Yun said. Part of vacation homes’ rise in popularity has been attributed to the growth in remote work.

“One near-certain aspect of the post-pandemic economy, when it comes, is the flexible work schedule,” Yun told The Escape Home. “It is very hard to envision five days a week in the office. Therefore, vacation-home sales will continue to move higher, this year, next year, and for the foreseeable future.”

Source: “What’s Next for the Real Estate Market? We Asked the Chief Economist at the National Association of REALTORS®,” MarketWatch/The Escape Home (Sept. 18, 2021)