Builders are less confident about the outlook in new-home construction than in recent months due to a major surge in lumber prices and COVID-19 cases across the country. But buyer demand for new homes remains high nevertheless. Read more.
2020 Has Killed These 3 Home Design Trends
As people rethink how they use their homes, some design trends that were popular in recent years are quickly fading. For example, the open layout is becoming less trendy as homeowners favor more privacy. Apartment Therapy recently asked designers to chime in on which home decorating trends they think will fall out of style in the new year. Read more.
More Buyers Want Space for Mom and Dad
As the pandemic continues, more home buyers are looking for properties that can house their older family members. The goal for these buyers is to keep their aging family members out of senior living—particularly group setting facilities, which have been on heightened alert during the COVID-19 outbreak. This is translating to the desire for larger homes that can accommodate more family members, The Wall Street Journal reports. Read more.
2 Pandemic Housing Trends With Staying Power
Certain housing trends emerging from the pandemic likely will outlast the virus, real estate professionals predict. “The idea of what is necessary is changing,” Camille Thomas, a real estate professional in Jackson Hole, Wyo., told realtor.com®. “The home has become more than a living space.” Read more.
Home Sellers Stand to Gain More Equity This Winter
With low housing inventories and high buyer demand, home sellers are expected to continue to command higher home prices this winter—an unseasonable trend in the housing market. Read more.
Patio Heaters Are the ‘New Toilet Paper’
Fast Company is calling patio propane heaters the “new toilet paper” of pandemic sales. That’s because heaters are flying off store shelves at record speeds as homeowners look to extend their outdoor spaces amid cooler weather in many locales. Read more.
Senior Buyers Are Reemerging in the Housing Market
As long as the proper health precautions are in place, seniors say, they are willing to resume home searches and purchases, a new report from John Burns Real Estate Consulting shows. Several age-qualified communities nationwide are reporting particularly strong home sales in August and September, the report says. Read more.
Real Estate ‘Quarandreams’ Apparently Are a Thing
Real estate is popping up in more people’s dreams. Vivid dreams are one of many side effects being tied to COVID-19. And reportedly, many of these “quarandreamers” are having dreams related to real estate, such as moving into a mansion, doing a home renovation project, or even feeling trapped in cluttered spaces. Read more.
Home Improvement Is Good for Your Mental Health, Survey Says
The pandemic has inspired a wave of home renovations as owners are spending more time in their homes. And renovators say it’s been good for their mental health, according to a new study conducted by CouponFollow of more than 1,000 homeowners and renters about do-it-yourself home projects they’ve tackled during the pandemic. Read more.
Majority of Young Adults Are Now Living With Their Parents
Empty nest no more? The COVID-19 pandemic has prompted millions of young adults to move back in with their parents since the spring. The majority of 18-to-29-year-olds now live with their parents, surpassing the previous peak during the Great Depression, the Pew Research Center reports. Read more.