Resorts had been hit more durable than some other sort of actual property through the early months of the pandemic. Now, traders seemingly can’t get sufficient of them.
Greater than $12.5 billion price of resorts had been bought within the first three months of 2022, in keeping with CoStar Group , the best first-quarter determine since 2016. The costs of resorts on the market are surging and the share of delinquent resort mortgages lately fell to a brand new pandemic low.
