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.
Where People Who Want to Relocate Are Going
About half of Americans say they’re considering a move in the next year, according to a study from LendingTree. But where do they plan to move? Read more.
The Home Upgrades That Attracted Owners in 2020
2020 was a year of home renovations. As more homeowners spent time at home, they devoted themselves to sprucing up their nests. Kitchens, outdoor areas, and home office updates were all among some of the most popular projects tackled, according to designers. Read more.
10 Design Trends Homeowners Are Eyeing for 2021
Multi-zone kitchens, upgraded lighting, and oversized rectangle tiles are among the trends sweeping home design in the new year, according to home design website Houzz. The online resource recently released the following 10 trends it expects to get hotter in 2021. 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.
Uptick in Cash Offers Puts Traditional Buyers on Defense
All-cash deals are rising in certain areas of the country, comprising about 36% of the market nationwide, according to data from realtor.com®. Buyers who can pay all in cash are finding themselves in a prime position in the competitive housing market, as sellers tend to favor those who can. Meanwhile, buyers who must rely on financing are struggling to compete. Read more.
Contract Signings Recede Slightly But Remain Strong
Pending home sales dipped slightly last month but continue to remain elevated compared to a year ago, the National Association of REALTORS® reported Monday. NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, fell 1.1% in October but are up 20.2% year over year. Read more.
Demand for Fencing Is Surging Despite Higher Costs
While homeowners may be feeling more neighborly, they also are seeking greater privacy and security. That has sparked an increased demand for residential fences. 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.