2020 is officially over! We can collectively do that sigh of relief we’ve been holding in since the start of the year. Hopefully this year, 2021 will be everything 2020 wasn’t—normal.
All banter aside, because 2020 was such an unexpected year, it’s in every property investor and broker’s interest to do a bit of research as to what we should expect in the real estate market this year.
And so, we did that research for you. If you’re curious about the real estate trends of 2021 continue reading on. Below we listed the 3 most keen trends worth knowing if you’re wanting to stay ahead in the 2021 real estate marketplace.
Expect A Smaller Market Pool
This one is, unfortunately, a given due to the events and circumstances of 2020 still bleeding into 2021. You’ve had about a year to digest this notion, however, we understand if the realization still stings a bit. Nevertheless, this is our current reality.
However, there are ways to work around these “slim-pickings”. When it comes to investing, both you and the homeowner or broker are going to have to work fairly with one another. Also, it is in your best interest to not pour too much of your finances into any home renovations or additions to your property, but you already may be aware of this.
Expect An Increase Of Use In Online Real Estate Services
Just as everything has transitioned to being primarily online, so will real estate. If you’re seeking to tap into this e-commerce service for real estate, it is the time and it’s better you do so sooner than later.
Tons of brokerages and property owners have made the switch, mirroring services from well-known sites such as Zillow and so on. They’ve invested in 3rd part buyers, using virtual agents, managing rental properties remotely, and mobile/online closings. This trend will continue to boom and is expected to become the standard for real estate in the future.
The Price Of Homes Are Rising
The price of homes is rising. This is exciting, as the pickings are slim at the moment and therefore real estate brokers and investors can ride this wave until they can no longer. However, it must be noted to be wary in that this boom can follow a crash as we’ve seen in the past.
Homebuyers and brokers alike are each aware of the situation so it is going to take transparency, cooperation, and you personally, upping your network in terms of seeking out more property investments.
Leveraging The Real Estate Market Trends Of 2021
On the bright side, based on the current real estate market trends, we are not facing a bust. However, just as the world around us has drastically changed, so has and will the way we engage in real estate practices.
How can you leverage this information in your for your own projected real estate investments? Well, for starters, it worth putting your trust only in realtors that can be trusted. We at John Shawareb are just that realtor. We have the reputation, relationships, and properties to back up our claims of being the best and we’d love to connect further!