The top real estate trends in 2021 are unlike anything we’ve seen before. The reason for this is the COVID-19 pandemic. Now that people are getting vaccinated, real estate agents are wondering what their industry will look like. Here are some housing trends that will remain post-pandemic.
Houses are selling ridiculously fast these days. People can’t even find themselves a place before theirs goes off the market. Moreover, people are paying above the asking price and seeing the houses before the listing even goes up—these circumstances don’t seem to be changing any time soon. Why? Mortgage rates are at an all-time low. So, individuals can sell their houses very easily, but buying things is challenging.
Many industries had to switch to an online platform when the pandemic started—the same is true for the real estate market. Sites like Zillow are still booming in popularity, and things don’t seem to be slowing down. Individuals are taking virtual tours and even making offers online because of how easy it is.
Interesting Home Features
Another housing trend that will remain post-pandemic is interesting home features. Buyers will be looking for things like entertainment rooms and stellar kitchens more so than ever before. The main reason for this is because we were stuck inside for so long. Therefore, buyers are looking for features that’ll keep them entertained in case we’re ever on lockdown again. Outdoor spaces are also more important than ever.
The pandemic turned our life upside down. Many industries, including the real estate market, had to adapt the way they did things. Now the question is, what will happen after the pandemic? Well, if mortgage rates stay as low as they are, people will continue to sell. There’s no telling how long Covid’s ramifications will last, but it’s definitely a seller’s market right now.