Big changes are happening in 2021, with people getting vaccinated for Covid-19, a new president in office, and economic shifts. If you are in the market to buy or sell a home, you are probably wondering what real estate trends you should be aware of to help you stay on track for success. The experts at HomeLight polled more than 1,000 agents across the country to see what we might expect from the real estate market in 2021. Here are some aspects that they highlighted:
It’s a seller’s market, for now

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Price considerations
Winter is typically a real estate off-season with lower prices, but 2021 is not a typical year. In the report, nearly three-quarters of agents in Q4 said home prices are on the rise in their markets and prices are expected to shift as a vaccine rolls out across the country. Prices are expected to keep rising in 2021, and 80 percent of agents said that homes would sell at the same pace or quicker than they did in 2020, as one possible real estate market prediction.Mortgage rates in flux

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Virtual is here to stay
In the era of social distancing, virtual became the norm, replacing in-person interactions — and real estate was no exception. While in-person showings have returned, the virtual trend from 2020 is still present in 2021 with 3D video tours, online consultations, and electronic document management. The good news about this is that even while the country is still trying to get a handle on Covid-19, real estate is still moving forward and those who are ready to buy and sell, can do so safely.No one can really be certain what 2021 will look like when it comes to real estate, but with some of these trends in mind you can be better prepared to make informed decisions as you move forward with your real estate goals.
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