6 of the Big Housing Market Trends for Real Estate Investors

TIM THOMAS TIM THOMAS Learn more

Since the commencement of the COVID pandemic, the real estate market has been nothing short of a roller coaster for both buyers and sellers.

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Housing Market Trends

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1) House Hunting Goes Digital

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2) Relocation from Cities to Suburbs

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3) Overwhelming Demand for Single-Family Housing

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4) Real Estate Price Will Continue to Rise

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5) Mortgage Rates Drop

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6 of the Big Housing Market Trends for Real Estate Investors

Since the commencement of the COVID pandemic, the real estate market has been nothing short of a roller coaster for both buyers and sellers.

Housing Market Trends

1) House Hunting Goes Digital

Because of virtual capabilities, many people could take a virtual tour of the property, and make buying decisions without even setting foot in the property beforehand. These virtual capabilities include: – 3D Tours – Drone videos – Virtual staging

2) Relocation from Cities to Suburbs

The COVID-19 pandemic has driven suburban migration from large cities. For the next 3-5 years, the trend of people opting not to live in big cities may continue. The shift is driven by two factors: need and choice.

3) Overwhelming Demand for Single-Family Housing

According to realtors, home sales have grown another 10% in 2021, bringing them to their highest level since 2006. In 2020, single-family house searches reached their highest level in four years.

4) Real Estate Price Will Continue to Rise

Current real estate trends are intricately linked. Prices for single-family homes climbed in 2020 as a result of growing demand and dwindling supply and are likely to stay high in 2022 and beyond.

5) Mortgage Rates Drop

In 2020, record-low mortgage rates encouraged people to buy homes. Mortgage rates reached a 50-year low in 2020, according to some estimates. Since reaching 4.94% in 2018, mortgage rates have been steadily declining.

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