There’s no arguing that, for the past year, the COVID-19 pandemic has changed just about everything, including the way we work, live, and function as a society.But how, exactly, has the
These Are the Top Housing Trends in the Age of COVID-19
Dated: March 8 2021
Views: 94
There’s no arguing that, for the past year, the COVID-19 pandemic has changed just about everything, including the way we work, live, and function as a society.
But how, exactly, has the pandemic changed real estate?
A recent article from REALTOR® Magazine outlined the top housing trends to emerge as a result of the ongoing pandemic, including:
- Fierce buyer competition. Mortgage rates are hovering near all-time lows, which has flooded the market with potential buyers. But available homes for sale in the US are also at historic lows—and this supply and demand imbalance is driving fierce buyer competition, bidding wars, and increasing home prices.
- More first-time buyers hitting the market. As mentioned, low mortgage rates are attracting more buyers to the market—including buyers purchasing property for the first time. First-time home buyers made up 33 percent of the market in 2020.
- A shift from city living to life in the suburbs. The pandemic has driven many companies to shift to a remote work model—and, now that they can work remotely, many employees have opted out of city living and moved to the suburbs in search of more space and privacy.
Vince Verni
Straightforward Guidance. Extensive Long Island Expertise. Proven Strategy.Real estate isn't about flashy sales pitches, empty promises, or trying to be an influencer. It’s about integrity, calm....
Latest Blog Posts
Insights Into The 2021 Housing Market2021 is officially upon us. But how, exactly, is the new year shaping up through the lens of real estate?HomeLight’s Top Agent Insights Q4 2020 Report
Remodeling An Older Home? Leave These Elements AloneIf you own an older home, at some point, you might want to remodel or update your property. But if you’re thinking about putting your home
Why Home Prices are Still Rising Despite the Global PandemicTo say the economic news coming out lately has been disconcerting would be an understatement. Statistics concerning job losses, furloughs,
OneKey® MLS required Copyright, Source of Data and Disclaimer for IDX display
Information Copyright 2026, OneKey® MLS. All Rights Reserved.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. This information is provided exclusively for consumers' personal, non-commercial use.
The data relating to real estate for sale on this website comes in part from the
