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MReport January 2023

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M REPORT | 59 O R I G I NAT I O N S E R V I C I N G DATA G O V E R N M E N T S E C O N DA R Y M A R K E T THE LATEST DATA Massachusetts, and Newport, Oregon (the most popular beach town in 2021), ranked second and third for similar reasons. Most Popular Retirement Town: Dunedin, Florida With Dunedin's location on the Gulf Coast west of Tampa, the town features local access to plenty of waterfront parks and country clubs. Florida is home to the top three cities in the category, with Sarasota placing second, and St. Pete Beach in third. Demand for homes has surged in Florida throughout the pandemic. Most Popular Small Town: Windham, New Hampshire Windham, New Hampshire, a bedroom community outside Boston, scored highest on Zillow's index after Prairie Village. Typical home values of $738,574 in Windham are higher than in the Boston metro area ($643,642). Zillow defined "small towns" as cities with populations between 15,000 and 25,000. Hockessin, Delaware, located outside Philadelphia, followed Windham for second place. Most Popular Vacation Town: Lavallette, New Jersey A popular summer vacation destination for dwellers of nearby New York, Lavallette, New Jersey, features long, sandy beaches for swimming, surfing, and fish- ing in the Atlantic; space for bocce, tennis, and rollerblading; and opportunities for crabbing, sailing, and other water sports in Barnegat Bay. Vacation areas have seen a surge in popularity throughout the pandemic as remote work makes them viable for visits longer than just weekends and holidays. Applications for mort- gages in vacation areas rose 30% from 2019 to 2020, with activity concentrated around mountains and coasts, according to a Zillow analysis of Home Mortgage Disclosure Act data. Indian Rocks Beach, Florida, and South Lake Tahoe, California, followed Lavallette in Zillow's re- sults in the Most Popular Vacation Town category. Top College Town: Tempe, Arizona Part of the Phoenix megaplex, Tempe is home to Arizona State University. Reigning as Zillow's Top College Town for the second year in a row, the city is home to the second-highest total number of rental listings among college towns studied, after Cambridge, Massachusetts, and has one of the largest populations of undergradu- ate and graduate college students. Smithfield, Rhode Island, where Bryant University is located, came in second place; while Bowling Green, Ohio, home of Bowling Green State University, landed third. DS News is the only publication in the country solely dedicated to providing default servicing professionals with news and content focused on their industry. SUBSCRIBE NOW! Connect with us online at DSNews.com. SUBSCRIBE TO THE LEADER IN DEFAULT SERVICING NEWS THEFIVESTARINSTITUTE

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