“In the final months of 2020, single-family rents posted the highest increases in over four years,” said Molly Boesel, principal economist at CoreLogic. “However, single-family rent price reaction to the pandemic and resulting recession differed greatly across metros.”

The top reason why long-time searchers have not purchased a home is because 40% say they were outbid.

The report added that vacation homes and affordable homes in small towns near major urban centers were in strong demand as a result of the pandemic.

“The consistent decline in serious delinquency since August is a sign of growing financial stability for families,” said Frank Martell, president and CEO of CoreLogic.

The trend of purchasing a second home has sent home prices in seasonal towns skyrocketing in value by 19% for the year ending December 2020.

The structure, built in 1883, won the 2017 Archie Award for restoration and includes a blend of original and new features, such as reclaimed barn beams and restored original cherry wood floors.

The ad is part of their national brand campaign, Believe You Will, which encourages the power of positive thinking and believing you can accomplish your goals.