People are snatching up vacation homes. And many are paying with cash
CNN
It's not just puppies and sourdough starter. Another thing that spiked during the pandemic: the purchase of vacation homes.
Remote workers who were able to log on from anywhere snapped up homes in vacation areas, sending seasonal home purchases skyrocketing last year. Vacation home sales rose by 16% in 2020 from the year before, outpacing overall growth in existing-home sales last year which was 5.6%, according to a report from the National Association of Realtors. And the trend has continued into this year with sales already up 33% through April over last year.
YouTube will now let parents limit the amount of time their teens can spend scrolling through its short-form video feature, Shorts, or block them all together.
Last month, Washington Post reporter Hannah Natanson penned a first-person piece about her long year as “the federal government whisperer,” receiving tips from hundreds of federal workers. On Wednesday, the FBI searched her home, a source familiar with the situation told CNN.
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Saks Global, the parent company of luxury retailer Saks Fifth Avenue, filed for bankruptcy protection late Tuesday, according to court documents filed in US Bankruptcy Court in Houston, Texas.
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