Insights Into The 2021 Housing Market
Posted by Tonya Garces on
2021 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 surveyed over 1,000 real estate agents for their insights into the 2021 housing market, including:
- Lack of inventory will continue to pose challenges in 2021. A lack of homes for sale presented one of the biggest challenges for buyers in 2020—and at 20.5 percent, a continued lack of inventory is the factor most agents cited as their pick for the biggest influence on the 2021 housing market.
- Remote work will continue to influence the real estate market. Low inventory will have a big impact on the market—but so will remote work. 14.5 percent of agents surveyed said the shift to remote work will…
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Developer PegasusAblon, currently developing The Galleria Muse mixed-use apartments in Far North Dallas, is working on two new high-rise apartment towers in Oak Lawn. Ablon plans to build the new Oak Lawn high-rise apartments behind the central nightclub and restaurant strip at Cedar Springs and Throckmorton Street. The new high-rise apartments in Oak Lawn will be designed by GDA Architects and are expected to begin construction in 2022.
A new 21-unit development is coming to North Dallas in Preston Hollow at City Homes. This new North Dallas mixed-use community in Preston Hollow Village will also include offices, retail and apartments. In addition to luxury condos in North Dallas, new home buyers can also find high-end pre-owned houses for sale in earlier phases located at the West end of the devlopment.
With the recent Covid-19 outbreak, generating leads has been especially challenging for agents and brokers alike. Working in the fast-paced DFW real estate industry alone can be challenging, but also rewarding. Like most industries, however, a successful career in real estate ultimately starts with the right company, the right people, the right tools and LEADS! 
Home buyers with affordability concerns in Dallas-Ft. Worth, TX and across the U.S. now have one lesson reason to postpone their new home purchase! Low inventory levels around DFW combined with high price points due to recent increases in home value appreciation, have left many buyers with very few home purchase options when searching their ideal price point.
Another new high-rise apartment community is coming to Dallas, which is currently the top apartment market for leasing and construction in the U.S with over a dozen other residential high-rise apartment and condo towers currently in different phases of construction and completion. Designed by BKV Group and developed by Mill Creek, the new Modera Katy Trail high-rise apartment rental community will be located in a 14 story building near Highland Park at the dead end of McKinney Avenue and Katy Trail. Modera Katy Trail highrise apartments in Dallas are expected to begin leasing in late 2021. Modera Katy Trail highrise apartments in Dallas will feature 217 rental units with walk-up townhome units and a pedestrian lounge on the side of the highrise…
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