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As Demand for Second Homes Skyrockets in the U.S., ‘Spillover’ Markets Gain Popularity

By Angelene Posted in - Press on August 18th, 2020

Buyers clamoring for space outside cities expand their searches beyond the traditional borders of areas like the Hamptons and Aspen Ever since the coronavirus first arrived on U.S. shores, the priority among high-end homeowners has been clear: to get out of cities, and to stay out. From the Hamptons to Aspen to Miami, second-home markets across the country have seen record seasons for both sales and rentals, and the heightened demand seems to be more than a blip as inventory tightens and even properties that had previously spent years languishing are going into contract. “I’ve never seen a market like this in 31 years,” said Susan Lowe, a senior vice president and corporate broker for Chase International/Luxury Portfolio International in…