Carolinas among hot spots with surging demand for vacation homes

Fall foliage Vibrant red foliage helps frame a view of the Blue Ridge Mountains, as seen during the evening hours of Oct. 5 from the Split Rock area on Grandfather Mountain. (Skip Sickler/Grandfather Mountain)

By Charlotte Business Journal

As the COVID-19 pandemic lingers into another season — and interest rates continue to hover near record lows — demand for vacation homes is surging. And locales across the Carolinas appear to be among the hottest spots for those searching for such properties.

[ ALSO READ: Top 10 must-visit places in North Carolina for fall colors ]

A report from The Wall Street Journal this week, for instance, cites recent data from Zillow Group Inc. in noting that Hilton Head, South Carolina, is among the traditional vacation spots that saw a year-over-year increase in pending home sales of more than 50%.

Meanwhile, a report by Avalara, a tax collection software used by Airbnb and VRBO, found two small towns in mountainous western North Carolina to be among the best for investors in short-term rental properties.

Read more here.

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