Alex Hermann

@aherm.bsky.social

414 Followers 452 Following

Researcher at Harvard Joint Center for Housing Studies. Forever Go Blue.

This bar chart shows the percent change in typical home value from March 2020 to March 2023 in rural vacation counties compared to all other non-metro counties. Home values rose faster in vacation counties consistently. Nationally, home prices rose by 47 percent on average in the country’s vacation counties, but by 33 percent in all other non-metro counties. This trend is consistent in all four Census regions, with vacation county price growth ranging from 37 percent in the Midwest to 51 percent in the West and Northeast.
This map of the United States shows all non-metro counties in our sample, categorized as vacation counties and all other non-metro counties. Vacation counties are concentrated in places with abundant natural amenities, including the Upper Midwest near the Great Lakes, the Mountain West, and in the Northeast.
Scatter plot of inventory changes in large metro areas in 2019-2023 and 2022-2023.
Figure shows a scatter plot for the changes in active inventory 2019-2023 and 2022-2023.