open concept

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.

buyers

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.

colonial home

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.

family

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.

father son

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.